The Board of Directors of One Point One Solutions Ltd., a supplier of Business Process Management (BPM) options, has accredited an allotment of 3,44,00,000 convertible warrants at ₹28.32 per warrant to the promoter or promoter group of the corporate and sure recognized non-promoter individuals or entities by means of preferential allotment amounting to ₹97.42 crore.
The firm has acquired 25% of the consideration quantity of warrants amounting to ₹24.36 crore as an advance, it mentioned in a submitting with exchanges.
“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,” MD Akshay Chhabra mentioned in a press release.
“This is a reiteration of investors’ confidence in the company and this would put us in comfortable position to focus on our growth plans,” he added.
