Insider Trading26 Aug 2026, 05:31 pm
Modern Dairies Promoters Acquire 12 Lakh Shares via Warrant Conversion
AI Summary
Modern Dairies Ltd has disclosed that its Promoters and Promoter Group have acquired a total of 12,00,000 equity shares. This acquisition, valued at ₹50 per share (including a ₹40 premium), was a result of exercising rights under Convertible Warrants issued on a preferential basis. The disclosures were made pursuant to Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The transactions involved the conversion of warrants into equity shares, increasing the promoter group's stake in the company.
Key Highlights
- Promoters acquired 12,00,000 equity shares.
- Acquisition was through conversion of preferential warrants.
- Each share acquired at ₹50, including ₹40 premium.
- Disclosure made under SEBI Insider Trading Regulations.
- Transaction signifies promoter confidence and stake increase.
Price Impact
More from MODAIRY