Chandni Machines Limited completed a preferential allotment of 38,10,900 equity shares and 40,00,000 convertible warrants at Rs. 52.50 each, raising Rs. 20,00,72,250 from equity and Rs. 5,25,00,000 as upfront warrant payments. The company cancelled 3,73,100 shares due to non-payment, with warrants convertible within 18 months and promoter shareholding decreasing to 49.61% on a fully diluted basis.
Chandni Machines Limited Completes Preferential Allotment of Equity Shares and Convertible Warrants
