Investment7 Mar 2026, 04:27 pm
MFS Intercorp Ltd Allots Convertible Warrants Worth Rs. 1.55 Crore on Preferential Basis
AI Summary
MFS Intercorp Ltd has allotted 41,50,000 convertible warrants at a price of Rs. 15/- each to non-Promoters. The warrants were issued on preferential basis pursuant to the In-Principal approval granted by the BSE Limited. The company has received 25% of the Warrant Issue Price i.e., Rs. 3.75/- per each Warrant, aggregating to Rs. 1.55 Crore from the allottees.
Key Highlights
- MFS Intercorp Ltd allots 41,50,000 convertible warrants worth Rs. 1.55 Crore
- Warrants issued to non-Promoters on preferential basis
- Warrant Issue Price set at Rs. 15/- each
- Company receives 25% of the Warrant Issue Price i.e., Rs. 3.75/- per each Warrant
- Allotment approved by Preferential issue Committee of Board of Directors and BSE Limited