Standard Surfactants Ltd Allots 8 Lakh Convertible Warrants to Promoters at Rs. 58 Each

Standard Surfactants Ltd has allotted 8,00,000 fully convertible warrants to promoters and promoter group at an issue price of Rs. 58 per warrant. The warrants are convertible into equity shares at a face value of Rs. 10 and a premium of Rs. 48. The allottees have paid 25% of the issue price and have the right to apply for equity shares within 18 months from the date of issue of these warrants. The warrants have been allotted to Pawan Kumar Garg, Kunal Garg, and Ankur Garg, who have been allotted 2,54,000, 3,81,000, and 1,65,000 warrants respectively. The total consideration received is Rs. 1,16,00,000.