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Mangalam Worldwide Expands Equity Base With Successful Conversion Of 37 Lakh Warrants Into Shares
Mumbai (Maharastra) [India],October 10: Mangalam Worldwide Limited (MWL) (NSE EMERGE – MWL), a fully integrated stainless-steel company, proudly announces the successful conversion of 37,00,000 Convertible Warrants into Equity Shares. The Board of Directors has approved the allotment of 37,00,000 Equity Shares of ₹ 10 each at a premium of ₹ 97 per share. This conversion is part of a larger allotment [...]
Mumbai (Maharastra) [India],October 10: Mangalam Worldwide Limited (MWL) (NSE EMERGE – MWL), a fully integrated stainless-steel company, proudly announces the successful conversion of 37,00,000 Convertible Warrants into Equity Shares.
The Board of Directors has approved the allotment of 37,00,000 Equity Shares of ₹ 10 each at a premium of ₹ 97 per share. This conversion is part of a larger allotment of 52,00,000 Convertible Warrants, which were issued earlier. The conversion was completed well within the stipulated 18-month period from the date of allotment, showcasing the company’s strategic execution and commitment to delivering shareholder value. This conversion marks another key milestone in the company’s growth journey, aimed at bolstering its capital structure and strengthening its position in the steel sector.
