OnePointOne Shares Hit 52-week High

OnePointOne Shares Hit 52-week Excessive

Shares of One Level One Options rose about 4 per cent to Rs 69.95 on Saturday, following the announcement.

Share Market News: OnePointOne Shares Hit 52-week High | Check Key Details Here
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One Level One Options Ltd surged through the buying and selling session on Saturday. With this, the corporate hit a brand new 52-week excessive and likewise issued fairness shares after conversion of warrants. On Friday, the corporate knowledgeable about the identical by way of an change submitting. In its change submitting, the corporate mentioned that the board of One Level One Options thought of and authorized the conversion of 17,50,000 convertible warrants into 17,50,000 fairness shares of face worth of Rs 2 every, on preferential foundation, upon receipt of an quantity aggregating to Rs 3,71,70,000.

The conversion was made upon the cost on the charge of Rs 21.24 per warrant, being 75 per cent of the difficulty value per warrant, from the allottees pursuant to the train of their rights of conversion into fairness shares, it added.

The remaining 25 per cent of quantity was paid on the time of allotment of warrants.

Listed below are among the key particulars:

  • Shares of One Level One Options rose about 4 per cent to Rs 69.95 on Saturday, following the announcement.
  • With this, the corporate hit its new 52-week excessive, with a complete market capitalization of greater than Rs 1,350 crore.
  • The scrip had beforehand settled at Rs 67.45 within the earlier buying and selling session on Friday.
  • The inventory is up 370 per cent from its 52-week low at Rs 14.90.
  • One Level One Options has issued 3.44 crore convertible warrants on October 27,2023 at a problem value of Rs 28.32 every, which have been to be transformed into fairness shares with a span of 18 month.
    With the most recent conversion 1.67 crore warrants stay pending for conversion.
  • One Level One Options is specialised within the enterprise of buyer life cycle administration, enterprise course of administration and know-how servicing.

Disclaimer: The article is for informational functions solely and never funding recommendation.



Rajesh

Meet Rajesh, our astute reporter dedicated to delivering daily insights into the dynamic world of business. With a keen understanding of market trends and a passion for unraveling the complexities of commerce, Rajesh brings you the latest in the business landscape.

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