Prostarm Info Systems gets NSE approval for preferential issue

Prostarm Info Systems Ltd has received in-principle approval from NSE Limited for a preferential issue of up to 28,98,717 Warrants. These warrants are convertible into an equal number of equity shares of Rs. 10 each at a price of Rs. 147 per share. The issue is proposed to be made to non-promoters on a preferential basis. This approval is a significant step towards raising capital through this route.