STL Networks Approves ₹108 Crore Preferential Warrant Issue

STL Networks Board approved a ₹108 crore preferential issue of 4.5 crore convertible warrants to promoter Twin Star Overseas.
Each warrant, priced at ₹24, is convertible into one equity share within 18 months of allotment.
The issuance will increase Twin Star's holding to 47.73% on fully diluted basis from current 42.91%.
Board also approved amendments to Articles of Association to facilitate issuance of convertible securities.