
Corporate Action4 Nov 2026, 07:05 pm
Wardwizard Healthcare Allots 1.08 Cr Warrants to Promoters/Non-Promoters
AI Summary
Wardwizard Healthcare Limited has approved the allotment of 1,08,70,000 warrants convertible into equity shares to promoter and non-promoter allottees. The issue price is ₹10 per warrant, with 25% of the subscription amount, totaling ₹2,71,75,000, received upfront. The remaining 75% is payable upon conversion within 18 months from the allotment date of November 4, 2026. This preferential allotment involves 17 investors, including key promoters like Yatin Sanjay Gupte and Sheetal Mandar Bhalerao. The total potential amount to be raised upon full conversion is ₹10,87,00,000 (₹10.87 Crore).
Key Highlights
- Allotment of 1.087 crore warrants approved.
- Issue price fixed at ₹10 per warrant.
- ₹2.71 Crore received as 25% upfront payment.
- Conversion possible within 18 months.
- 17 promoter and non-promoter investors.
Price Impact
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