Callista Industries Ltd. has announced the issuance of 1.5 million equity shares to non-promoters and 48.5 million convertible warrants on a preferential basis. The move aims to strengthen the company’s capital base and support future expansion plans across its core industrial and infrastructure segments.
Callista Industries Ltd. has approved a significant capital infusion plan involving the issuance of 1.5 million equity shares to non-promoter entities. In addition, the company will issue 48.5 million convertible warrants on a preferential basis, allowing holders to convert them into equity shares at a later date.
This dual-structure fundraising initiative is designed to enhance liquidity, support strategic investments, and improve the company’s financial flexibility. The preferential allotment is expected to attract institutional interest and broaden the shareholder base, while also enabling Callista to pursue new projects and scale operations.
Key highlights:
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Issuing 1.5 million equity shares to non-promoters
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Approving 48.5 million convertible warrants on a preferential basis
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Warrants convertible into equity shares at a future date
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Capital raise aimed at supporting expansion and operational growth
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Strengthens financial position and investor confidence
Sources: Reuters, Business Standard, Moneycontrol.