Corporate Action17 Sept 2026, 05:50 pm

Ind-Swift Labs Allots 70 Lakh Warrants to Essix Biosciences

AI Summary

Ind-Swift Laboratories Ltd's Preferential Issue Committee has approved the allotment of 70,00,000 Fully Convertible Warrants to Essix Biosciences Limited, a promoter group entity. The warrants are issued at a price of Rs. 196/- each, with Rs. 49/- per warrant (25% of the issue price) received upfront, totaling Rs. 34.30 crore. This move is subject to prior shareholder and stock exchange approvals.

Key Highlights

70 lakh warrants allotted to Essix Biosciences Limited.
Warrants issued on a preferential basis at Rs. 196 per warrant.
Rs. 49 per warrant (25%) received upfront, totaling Rs. 34.30 crore.
Allotment is to a promoter group entity, Essix Biosciences Limited.

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INDSWFTLAB

Pharmaceuticals

IND-SWIFT LABORATORIES LTD.

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