Sintex Plastics Technology up 3%, to issue warrants to promoter

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26 Aug, 2025 12:21

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Share price of Sintex Plastics Technology gained 3 percent intraday Monday as company decided to issue warrants to promoter of the company.

The company is its board meeting held on February 2 has decided to increase the authorised share capital from Rs 65 crore to Rs 76 crore.

It also decided to issue warrants convertible into equity shares of face of Re 1 each for cash aggregating to Rs 600.30 crore to Star Line Leasing, company belonging to promoter of company, on a preferential basis.

At 11:15 hrs Sintex Plastics Technology was quoting at Rs 70.25, up Rs 1.30, or 1.89 percent on the BSE.

Posted by Rakesh Patil