Homegrown BPM services provider approves conversion of warrants into equity shares - Details

One Point One Solutions Limited, a homegrown provider of technology-enabled business process management (BPM) services has said that the company's board has considered and approved the conversion of 17,50,000 convertible warrants in to equity shares. These shares will have a face of value of Rs 2 each. 

"The Board of Directors of the Company through resolution by circulation on January 19, 2024, considered and approved the conversion of 17,50,000 (Seventeen Lakh Fifty Thousand) convertible warrants into 17,50,000 (Seventeen Lakh Fifty Thousand) equity shares of face value of Rs.2/- each, on preferential basis, upon receipt of an amount aggregating to Rs.3,71,70,000/- (Rupees Three Crore Seventy One Lakh Seventy Thousand only) at the rate of Rs. 21.24," the company said in an exchange filing.

The conversion was made upon the payment at the rate of Rs 21.24 per warrant i.e. 75 per cent of the issue price per warrant.

Earlier, One Point One Solutions Limited bagged an international order from a UAE-based wellness and skincare company.

As part of the agreement, the company will provide the client with a range of BPM services in the UAE region including customer support, lead generation and booking appointments.