14-Oct-2026      20:01

SMC Global Securities’ board approved Rs 106 crore warrant issuance to non-promoter entities

SMC Global Securities Limited announced that its board of directors approved the issue and allotment of up to 1,00,00,000 fully convertible warrants to non-promoter entities, including Mahesh Kumar, SGS Fintech Private Limited, and Open Advanced Technologies LLP, for a total consideration of Rs 1,06,00,00,000. The warrants will be issued at a price of Rs 106 per warrant, and are subject to member and regulatory approvals, with a conversion period of up to 18 months.

News source: Capital Market - Live News