Medicamen Biotech Allots 5 Lakh Shares on Warrant Conversion

Medicamen Biotech Limited's Preferential Issue Committee approved the allotment of 5,00,000 Equity Shares upon conversion of 5,00,000 Fully Convertible Warrants. The shares were issued at Rs. 530/- each, raising an aggregate of Rs. 26,50,00,000/- (₹26.50 Crore) in cash. The allotment was made on a preferential basis to Shivalik Rasayan Limited, an entity belonging to the 'Promoter and Promoter Group' category. This allotment increases the company's paid-up equity share capital to Rs. 14,06,28,150/-, comprising 1,40,62,815 equity shares of face value Rs. 10/- each.