STL Networks Ltd

STL Networks Board Approves ₹108 Cr Convertible Warrant Issue to Promoter 📈

• Board approved amendments to Articles of Association to include clauses for issuing convertible and non-convertible securities

• Approved preferential issue of up to 4.5 crore convertible warrants to Twin Star Overseas Limited (promoter)

• Issue price: ₹24 per warrant

• Total issue size: ₹108 crore

• Each warrant convertible into one equity share (face value ₹2 + premium ₹22)

• Conversion period: Within 18 months from allotment date

• Conversion can be exercised in one or more tranches