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Seshachal Technologies allotted 1,13,63,637 equity shares upon the conversion of warrants. The company received Rs. 18.75 Crore as the balance payment for this exercise.
Seshachal Technologies' board approved a preferential issue of 55,000 equity shares at ₹76 each, aggregating to ₹0.42 Crore, to augment working capital.
Seshachal Technologies allotted 1.13 crore warrants to non-promoters on a preferential basis at Rs 22 each. This capital raise involves an upfront payment of Rs 6.25 crore.