13-Aug-2026      15:54

IIRM Holdings converts Rs 34.78 crore loan into equity shares via amalgamation

IIRM Holdings India Limited announced that its wholly owned subsidiary, IIRM Global Shared Services Private Limited, will convert an outstanding unsecured loan of Rs 34.78 crore into 29,98,385 fully paid-up equity shares, with an issue price of Rs 116 per share, following a scheme of amalgamation where Sampada Business Solutions Limited was merged into IIRM Holdings on July 22, 2025. The conversion, based on a valuation report and conducted at arm’s length, is intended to strengthen IIRM Global’s capital base and improve its debt-equity position.

News source: Capital Market - Live News