Transteel Seating Technologies Capital Structure Change
Transteel Seating Technologies approved the conversion of 13,31,500 warrants into equity shares, collecting Rs. 7.99 Crore as the balance payment for the issue.
- Value
- ₹7.99 Cr
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Transteel Seating Technologies approved the conversion of 13,31,500 warrants into equity shares, collecting Rs. 7.99 Crore as the balance payment for the issue.
Transteel Seating Technologies converted 7,85,000 warrants into equity shares, raising ₹4.71 Crore. This preferential allotment increases the company's paid-up capital.
Transteel Seating Technologies allotted 2,50,000 equity shares following warrant conversion at ₹80 per share. The ₹2 Crore transaction increases paid-up capital to over ₹22.69 Crore.
Transteel Seating Technologies converted 3,48,000 warrants into equity shares, receiving ₹2.09 Crore. The conversion strengthens the capital base and expands the public shareholding category.