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Crown Lifters Ltd. ( (IN:CROWN) ) has shared an announcement.
Crown Lifters Limited has announced the allotment of 52,500 equity shares following the conversion of warrants, which were issued at a price of ₹268 per share. This conversion, approved by the Board of Directors, was made on a preferential basis to individuals in the promoter category, resulting in an increase in the company’s equity share capital to ₹11,27,58,440. The newly allotted shares will rank equally with existing shares, and this move signifies a strategic step in enhancing the company’s capital structure.
More about Crown Lifters Ltd.
Crown Lifters Limited operates in the industrial equipment sector, focusing on lifting solutions and services. The company is based in Mumbai, India, and is involved in the provision of heavy lifting equipment and related services, catering to various industrial needs.
YTD Price Performance: -20.86%
Average Trading Volume: 24,764
See more data about CROWN stock on TipRanks’ Stock Analysis page.