Investment10 Sept 2026, 10:25 am
Mukka Proteins Allots 2 Cr Warrants for ₹47 Cr
AI Summary
Mukka Proteins Limited has approved the allotment of 2,00,00,000 convertible warrants on a preferential basis to identified non-promoter category persons. The issue price is ₹23.50 per warrant, aggregating to ₹47,00,00,000. An upfront subscription of 25% (₹5.88 per warrant) has been received. Each warrant holder has the right to subscribe to one equity share upon payment of the balance 75% within 18 months. The allotment is in accordance with SEBI ICDR Regulations and subject to lock-in requirements.
Key Highlights
- Mukka Proteins to raise ₹47 Cr via preferential allotment of warrants.
- 2 Crore convertible warrants to be issued at ₹23.50 each.
- Allotment to non-promoter category individuals and entities.
- Warrants convertible to equity shares within 18 months.
- Upfront payment of 25% of the issue price received.
Price Impact
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