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Ind-Swift Laboratories allotted shares to Essix Biosciences for Rs 20.58 crore via warrant conversion
08-Oct-2026, 07:24

Ind-Swift Laboratories Limited announced that its Preferential Issue Committee has approved the allotment of 14,00,000 equity shares with a face value of Rs 10 each to Essix Biosciences Limited, a promoter group entity, upon the conversion of an equal number of fully convertible warrants. The conversion involved a consideration of Rs 147 per warrant, totaling Rs 20,58,00,000, and was executed at an issue price of Rs 196 per warrant. Consequently, the company's paid-up equity share capital increased from Rs 86,71,15,580 comprising 8,67,11,558 equity shares to Rs 86,96,15,580 comprising 8,69,61,558 equity shares.