Starlineps Enterprises Ltd. Approves Issue of Equity Shares and Convertible Warrants Worth Rs. 330 Crore

Starlineps Enterprises Ltd. has approved the issuance of equity shares and convertible warrants worth Rs. 330 crore in an Extra Ordinary General Meeting. The company will issue up to 7,00,00,000 equity shares and 48,00,00,000 convertible warrants to non-promoters and promoters on a preferential basis. The equity shares will be issued at a price of Rs. 6 per share, while the convertible warrants will be issued at a price of Rs. 6 each, convertible into equity shares at a premium of Rs. 5. The proceeds from the issuance will be used for business purposes and the shares will be allotted in dematerialized form in compliance with SEBI ICDR Regulations.