Transchem Allots 6.15 Cr Warrants at ₹75 Each

Transchem Limited's Preferential Issue Committee has approved the allotment of 6,15,00,000 warrants at an issue price of ₹75 per warrant. The total issue size is up to ₹461.25 crore. The company has received 25% of the warrant issue price (₹18.75 per warrant) as upfront payment. Each warrant grants the holder the right to subscribe to one equity share of the company within 18 months. This preferential issue is in accordance with SEBI (ICDR) Regulations and the Companies Act, 2013. The allotment is to non-promoter entities including Bakkt Opco Holdings, LLC, Mr. Pishu V. Chainani, JVS Holdings LLP, and Mr. Dhawal Jiwankumar Mehta.