Corporate Action16 May 2026, 08:11 pm
Titan Intech Allots 2 Cr Equity Shares on Warrant Conversion
AI Summary
Titan Intech Ltd's board approved the allotment of 2,00,00,000 equity shares following the conversion of convertible equity share warrants. The allotment was made to Trullo Developers Private Limited (45,00,000 shares), Adhigam Software Private Limited (60,00,000 shares), Lineesh Township Private Limited (40,00,000 shares), and Metoza Innovate Private Limited (55,00,000 shares). The conversion occurred as the full amount for the warrants was received. The face value is now ₹1.00 per share.
Key Highlights
- Titan Intech allotted 2,00,00,000 equity shares upon conversion of warrants.
- Allotment followed receipt of full amount for 2,00,00,000 convertible equity share warrants.
- Key allottees include Trullo Developers, Adhigam Software, Lineesh Township, and Metoza Innovate.
- Originally, 20,00,000 warrants were allotted at ₹55 per share (₹10 face value, ₹45 premium).
- Post allotment, the face value of the shares is now ₹1.00.
Price Impact
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