Continental Securities Limited Boosts Capital Through Warrant Conversion
Continental Securities Limited (CSL) has completed a capital raising initiative by converting 500,000 warrants into equity shares. This conversion increased the company's paid-up equity capital from ₹52,506,000 to ₹53,506,000, a 1.90% increase. The new shares were issued at a premium of ₹19 each, involving both promoter and non-promoter groups. This move strengthens CSL's financial position without incurring debt and may be viewed positively by the market.