Key Quantitative Figures

  • Total warrant issuance: 4,50,00,000 warrants convertible into equity shares
  • Total consideration amount: ₹108 crore
  • Initial subscription amount received: ₹27,00,00,000 (Rupees Twenty Seven Crores only)
  • Percentage of total consideration: 25%

Parties Involved

  • Issuing Company: STL Networks Limited
  • Subscriber: Twin Star Overseas Limited (Promoter of the Company)
  • Regulatory Authorities: BSE Limited, National Stock Exchange of India Limited

Current Status

  • Company has received 25% initial subscription amount
  • Awaiting in-principle approval from Stock Exchanges for warrant allotment
  • Warrant allotment will proceed upon receipt of requisite approvals
  • Company will intimate Stock Exchanges regarding allotment as per applicable laws

Financial Impact

  • Immediate cash inflow: ₹27 crore received
  • Future equity dilution potential: Up to 4.5 crore shares upon warrant conversion
  • Promoter holding expected to increase upon conversion