Capricorn Systems to Issue 17 Million Equity Convertible Warrants

Capricorn Systems Global Solutions Ltd is set to issue 17 million equity convertible warrants as part of its strategic growth plan. This move aims to enhance the company's financial flexibility and support its operations in the software sector. The decision follows a board meeting that also considered increasing authorized share capital and a scheme of amalgamation. Capricorn Systems remains debt-free, with a market capitalization of ₹6.49 crore, and is exploring opportunities to boost its financial performance.

 

Sources: Economic Times, Moneycontrol, Screener.