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    <title>Transteel Seating Board approves issuance of fully convertible warrants on preferential basis</title>
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    <description>Board approved preferential issuance of 48.20 lakh fully convertible warrants to non promoter public strategic investors, each convertible into one fully paid equity share within 18 months at an issue price of Rs. 80 per warrant. The company received 25% of the issue price as an upfront subscription; the remaining 75% will be payable upon conversion, making the allotment a deferred payment contingent on conversion.</description>
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