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The latest update is out from Sigachi Industries Limited ( (IN:SIGACHI) ).
Sigachi Industries Limited’s board of directors approved the allotment of 48,669,840 equity shares to both promoters and non-promoters at an issue price of Rs. 26.1 per share, following the conversion of warrants into equity shares. This strategic decision is likely to impact the company’s capital structure and may enhance its market presence while providing additional liquidity, which could have implications for stakeholders.
More about Sigachi Industries Limited
YTD Price Performance: -17.45%
Average Trading Volume: 159,998
Learn more about SIGACHI stock on TipRanks’ Stock Analysis page.