Sun Retail Allots 18.9 Cr Warrants at ₹1 Each

Sun Retail Ltd's Board of Directors has approved the allotment of 18,90,13,412 Fully Convertible Equity Warrants on a preferential basis to 9 allottees. The issue price is ₹1.00 per warrant. The warrants are convertible into equity shares within 18 months. The company has received 25% of the consideration amount upfront. This allotment follows a special resolution passed by shareholders and in-principle approval from BSE.