TPHQ approves allotment of equity shares - Check Details
The company also announced the conversion of warrants into equities worth Rs 9 crore.
Teamo Productions HQ has informed exchanges that its board of directors has approved the allotment of 8,00,00,000 equity shares with a face value of Rs 1 each at an issue price of Rs 1.50 per share.
The company also announced the conversion of warrants into equities worth Rs 9 crore.
"The Board of Directors of the Company in their meeting held today i.e. Tuesday, September 10, 2024, inter-alia, considered and approved the allotment of 8,00,00,000 equity shares having face value of Re. 1/- each at an issue price of Rs. 1.50/- each (including a premium of Rs. 0.50/- each), consequent upon the conversion of 80,00,000 Warrants issued at an Issue Price of Rs. 15/-each," the company said in an exchange filing.
Earlier, the company announced the expansion of its global operations with the formation of new entities, Teamo Productions HQ (Australia) PTY Limited, and Teamo Productions HQ (UK) Limited.
As part of its ongoing growth strategy, TPHQ's new entities in Australia and the UK will serve as pivotal role for the company's upcoming projects.
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