News

One Point One Solutions shares are in focus during Monday's trading session after the small-cap company approved the conversion of 3,79,944 warrants into equity shares, as stated in an exchange filing. The board of One Point One Solutions authorized the conversion upon receiving ₹80,70,010.56, which constitutes 75% of the issue price of ₹21.24 per warrant, from the recipients. As a result of the allotment, the company's paid-up capital rose from ₹52,49,94,310 to ₹52,57,54,198.

In spite of this latest issuance, there are still 57,45,000 warrants awaiting conversion. Investors in possession of these warrants have a window of up to 18 months from the date of allotment to exercise their options by paying the remaining amount to convert them into equity shares.

Convertible warrants provide companies with a strategic method to accumulate capital over time without causing immediate dilution for shareholders, granting investors the option to purchase shares at a predetermined price during a set timeframe.

One Point One Solutions primarily operates in the BPO sector, having begun its activities focused on Customer Life Cycle Management, Business Process Management, and Technology Services, serving approximately 40 prominent clients.

(more to come)

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.