Servotech Power to issue warrants on preferential basis - Check details

2 hours ago 1

NSE-listed EV charger shaper Servotech Power Systems has informed exchanges that its committee has approved a connection for issuing warrants convertible into equity shares connected a preferential basis.

"Issue warrants convertible into Equity shares connected a preferential basis, pursuant to SEBI (Issue of Capital & Disclosures Requirement) Regulations, 2009. The details of aforesaid is enclosed arsenic Annexure‐II," the institution said successful an speech filing.

The institution said that it volition contented 58,50,000 warrants astatine a terms of Rs 167.40 per warrant successful cash, for aggregate information upto Rs 97,92,90,000.

However, the contented and allotment of warrants are taxable to the support of members by mode of passing of peculiar solution astatine the postal ballot of the company.

The tenure of the warrants shall not transcend 18 months from the day of allotment.

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