Fervent Synergies Unlocks Growth Potential: 6.3 Million Warrants Converted into Shares

Fervent Synergies Ltd. has moved a step in the right direction by sanctioning the conversion of 6.3 million warrants into an equal number of shares. This strategic move is an indication of the company's move to consolidate its capital structure and build investor confidence. The main highlights are as follows:

 

Conversion Details: The conversion comprises 6.3 million warrants, which will be converted into an equivalent number of equity shares. This step comes after recent trading approval granted by the stock exchange for 13.75 million equity shares of Rs 10 each.

 

Financial Performance: In spite of adversity, Fervent Synergies has been demonstrating strength in its financial activities. The company is virtually debt-free, which is a good factor for investors.

 

Market Dynamics: Price fluctuations have been witnessed by the company, with its current price standing at Rs 25.7 and market cap at Rs 112 crore. The return on equity of the company is a cause of concern and has necessitated strategic financial moves.

 

Source: Economic Times, Screener, BSE Announcements