Aarey Drugs Allots 25.2 Lakh Equity Shares on Warrant Conversion

Aarey Drugs & Pharmaceuticals Ltd announced the allotment of 2,520,000 Equity Shares following the conversion of fully convertible warrants. The conversion was based on receipt of Rs. 47.85 per warrant, representing 75% of the issue price of Rs. 63.80. This allotment, aggregating to Rs. 12,05,82,000/-, was made to both promoter and non-promoter categories. The company's issued and paid-up capital has increased accordingly. Out of 5,000,000 warrants initially issued, 2,520,000 have been converted, leaving 2,480,000 warrants outstanding.