Krsnaa Diagnostics Plans Preferential Issue of Warrants Worth ₹91.7 Cr

Krsnaa Diagnostics Ltd announced a preferential issue of up to 16,21,000 warrants, convertible into equity shares, for a total amount of ₹91,74,86,000. The warrants will be issued to Mr. Rajendra Mutha and Krsnaa Diagnostics (Mumbai) Private Limited. The issue price is determined at ₹566 per warrant. Each warrant is convertible into one fully paid-up equity share of face value ₹5. The conversion can be exercised within 18 months from the allotment date. This move is expected to strengthen the company's capital base and potentially alter the shareholding structure.