One Point One Solutions Ltd, a leading business process management (BPM) solutions provider has raised Rs 97.42 crore through allotment of convertible warrants.
In a statement issued, the company said, “The Board of Directors (BOD) 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 a proud moment for us to raise a sizable amount of funds for deploying into our overseas expansion besides pursuing our in-organic growth to deliver good growth rates in the next three years.”
“This is a reiteration of investors’ confidence in the company and this would put us in a very comfortable position to focus on our growth plans,” he further added.