Hemo Organic Allots 34 Lakh Equity Shares on Warrant Conversion

Hemo Organic Ltd announced the allotment of 34,00,000 equity shares following the conversion of 34,00,000 convertible warrants. The allotment was made to Non-Promoter category allottees at an issue price of Rs. 12.50 per share, including a premium of Rs. 2.50. The total amount received for this conversion was Rs. 3,18,75,000. This corporate action increases the company's paid-up equity share capital to 68,65,900 shares. The newly issued shares will rank pari-passu with existing equity shares.