Sellwin Traders to Raise Rs 399 Crore Through Preferential Warrant Issue
Sellwin Traders Limited plans to raise Rs 399 crore through a preferential issue of 4.75 crore convertible warrants at Rs 8.40 per warrant. The board approved increasing authorized share capital from Rs 50 crore to Rs 58.40 crore. Warrants will be issued to 103 allottees, convertible into equity shares within 18 months. Key allottees include Mideast Healthcare Private Limited (40 lakh warrants) and Binduben Mahendrabhai Tailor (25 lakh warrants). Warrant holders must pay 25% upfront and 75% upon conversion. CS Ankur Dineshchandra Gandhi appointed as scrutinizer for e-voting process.
19Apr 25
Sellwin Traders Soars 22% on Ambitious Expansion Plans
Sellwin Traders, a penny stock, has announced significant expansion plans, causing its stock to surge 22%. The company plans to open 12 new retail outlets in major Indian cities using a franchise model, investing ₹15.00 crore with projected revenue of ₹23.50 crore. Additionally, Sellwin Traders aims to expand internationally across the Middle East, Africa, Europe, the Americas, Australia, and Russia. The domestic expansion is set to occur over the next 12 months, potentially increasing the company's market share and visibility.