Suditi Industries Ltd Allots Equity Shares & Warrants on Preferential Basis

Suditi Industries Ltd has allotted 5,39,800 Equity Shares and 14,68,897 Warrants on a preferential basis to non-promoter category individuals and entities. The Equity Shares were allotted at a price of Rs. 59.12 each, amounting to Rs. 3,19,12,976. The Warrants were allotted at a price of Rs. 59.12 each, amounting to Rs. 8,68,41,190.64. The Warrants are convertible into or exchangeable for one fully paid-up equity share of the Company within 18 months from the date of allotment. The Equity Shares and Warrants are locked-in for a specified period as per regulations.