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 within 18 months. The allotment is on a preferential basis to non-promoter entities including Bakkt Opco Holdings, LLC, Mr. Pishu V. Chainani, JVS Holdings LLP, and Mr. Dhawal Jiwankumar Mehta. Post-exercise of all warrants, these allottees would collectively hold approximately 83.40% of the company's equity.