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Diensten Tech Ltd allotted 3,98,800 fully convertible warrants at Rs.115 each, raising Rs.4.59 Crore. The funds will strengthen the company's capital base.
Diensten Tech Limited's board approved a ₹4.59 Crore fundraise via the preferential issuance of 3,98,800 fully convertible warrants at ₹115 each. The issue targets 12 investors, including Abhishek Singhania and Vipul Prakash. Upon full conversion, the company's paid-up share capital will increase to ₹8.66 Crore.
Diensten Tech Limited approved a preferential issue of 3,98,800 fully convertible warrants to promoter and public groups. Aggregating up to ₹4.59 Crore at ₹115 per warrant, the funds will strengthen the company's capital base subject to shareholder approval.