One Point One Solutions Raises Rs. 97.42 Crore by Allotment of Warrants to Investors

livemint.com:

Mumbai, November 06, 2023: The Board of Directors of One Point One Solutions Ltd., a leading provider of Business Process Management (BPM) solutions, has approved an allotment of 3,44,00,000 convertible warrants at Rs. 28.32 per warrant to the promoter or promoter group of the company and certain identified non-promoter persons or entities by way of preferential allotment.

The company has received 25% of the consideration amount of warrants amounting to Rs. 24.36 crore as an advance.

Commenting on the development Akshay Chhabra, Managing Director, One Point One Solutions Limited said, “It is indeed proud moment for us to raise sizable amount of funds for deploying in to our overseas expansion besides pursuing our in-organic growth so as to deliver good growth rates in the next three years. This is a reiteration of investors’ confidence in the company and this would really put us in very comfortable position to focus on our growth plans." Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times.

Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.