Shankar Sharma, Dolly Khanna to invest in Valiant Communications Ltd

The Board of Directors of Valiant Communications Limited ("the Company"), at their meeting held today i.e. October 16, 2025, has considered and approved the issue of up to 6,00,000 (Six Lacs) Fully Convertible Warrants ("Warrants"), each carrying a right exercisable by the Warrant holder to subscribe to one Equity Share of face value of Rs. 10/- (Rupees Ten Only), to the persons/ entities belonging to the Public Category on a preferential basis, at an issue price of Rs. 768/- (Rupees Seven Hundred and Sixty-Eight Only) per Warrant, determined in accordance with the provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and applicable provisions of Companies Act, 2013 and rules made thereunder, aggregating up to Rs. 46,08,00,000/- (Rupees Fourty Six Crores and Eight Lacs Only), for cash, subject to the shareholders' approval. The names of the proposed allottees are mentioned below:

Shankar Sharma - Public - 50,000
Rajiv Khanna - Public - 25,000
Prajesh Maro0 - Public - 25,000
Niveshaay Hedgehogs Fund - Public - 1,00,000
Niveshaay Sambhav Fund - Public - 1,00,000
Radiant Global Fund Class B Participating Shares - Public - 3,00,000

Shares of VALIANT COMMUNICATIONS LTD. was last trading in BSE at Rs. 769.00 as compared to the previous close of Rs. 754.45. The total number of shares traded during the day was 5570 in over 99 trades.

The stock hit an intraday high of Rs. 769.50 and intraday low of 765.00. The net turnover during the day was Rs. 4284361.00.

Source : Equity Bulls

Keywords

VALIANTCOMMUNICATIONS INE760B01019 TelecomEquipment PreferentialIssue ConvertibleWarrants