Modern Dairies: Promoters Acquire Shares via Convertible Warrants

Modern Dairies Ltd has reported disclosures from its promoters and promoter group regarding the acquisition of equity shares. Krishan Goyal HUF acquired 4,00,000 shares, and Chandigarh Finance Private Limited acquired 3,00,000 shares. These acquisitions were made consequent to exercising the right of conversion of Convertible Warrants issued on a preferential basis. The shares were acquired at a price of ₹50 each, including a premium of ₹40 per share, with a face value of ₹10.