Corporate Action3 Jun 2026, 07:11 pm
STL Networks Receives ₹27 Cr Advance for Preferential Issue
AI Summary
STL Networks Limited has received an advance of ₹27 crore from its promoter, Twin Star Overseas Limited, representing 25% of the total consideration for the preferential issue of up to 4.5 crore warrants. This issue, approved by shareholders on May 19, 2026, is valued at up to ₹108 crore. The company is currently awaiting in-principle approval from the stock exchanges for the warrant allotment and will proceed upon receiving the necessary clearances.
Key Highlights
- Received ₹27 crore advance from promoter Twin Star Overseas Limited.
- Preferential issue of up to 4.5 crore warrants approved by shareholders.
- Total issue size valued at up to ₹108 crore.
- Awaiting stock exchange in-principle approval for warrant allotment.
Price Impact
More from STLNETWORK