| Seshachal Technologies Limited announced that its board approved the allotment of 1,13,63,637 fully convertible warrants to persons belonging to the “Non-Promoter, Public Category” on a preferential basis, with an issue price of Rs 22 per warrant. The company received Rs 27.77,500 as subscription amount for each warrant, and will receive an additional Rs 83,32,500 from each allottee within 18 months. The warrants are convertible into an equivalent number of fully paid-up equity shares with a face value of Rs 10 each. |