Corporate Action26 Oct 2026, 07:11 pm
Rollatainers Ltd Allots 13.45 Cr Warrants for ₹30 Cr
AI Summary
Rollatainers Ltd announced the Board of Directors' approval for the issue and allotment of 13,45,29,149 Equity Convertible Warrants at ₹2.23 each, totaling ₹30,00,00,002 (₹30 Crore). The company has received 25% of the consideration, amounting to ₹7,50,00,003 (₹7.5 Crore). These warrants are convertible into equity shares within 18 months. Additionally, the Board approved the acquisition of equity shares in Satelite Forgings Private Limited, which will become a wholly-owned subsidiary upon completion. The Board meeting commenced at 5:30 PM and concluded at 6:45 PM on October 26, 2026.
Key Highlights
- Allotment of 13.45 crore equity convertible warrants at ₹2.23 each.
- Total issue size aggregates to ₹30 Crore, with 25% received upfront.
- Warrants are convertible into equity shares within 18 months.
- Board also approved acquisition of Satelite Forgings Private Limited.
- Satelite Forgings will become a wholly-owned subsidiary post-acquisition.
Price Impact
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