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Fredun Pharmaceuticals converts warrants, allotting shares to warrant holders and investors
22-Sep-2026, 08:19
Fredun Pharmaceuticals Limited has allotted 3,61,599 equity shares with a face value of Rs 10 each to warrant holders following the conversion of 1,20,533 warrants, as informed to the BSE Limited. The allotment is a result of warrant holders exercising their rights after paying the balance consideration, and it comes after a 1:2 bonus issue adjusted the warrants' entitlement. Alchemy Capital Management Pvt Ltd received the largest allotment of 24,000 shares, while a total of 10 non-promoter investors participated in the conversion.