Chairman, Managing Director and promoter Rajesh Rathi increases his holding in Sudarshan Chemical by converting warrants he had subscribed to earlier. Reports say he exercises 9,80,000 warrants at a premium, completing the corresponding capital commitment. Both outlets state that the transaction involves a total commitment of close to INR 100 crore. The reporting characterizes the move as part of the promoter’s existing warrant exercise plan rather than a separate acquisition. No additional details such as the exact strike price, the resulting total shareholding, or changes to voting or control are included in the provided summaries. The articles agree that the stake increase is achieved through warrant conversion and that the funds involved are approximately INR 100 crore.
Rajesh Rathi increases stake in Sudarshan Chemical via warrant conversion
Chairman, Managing Director and promoter Rajesh Rathi increases his holding in Sudarshan Chemical by converting warrants he had subscribed to earlier. Reports say he exercises 9,80,000 warrants at a p...
- Rajesh Rathi, Sudarshan Chemical’s chairman and promoter, converts warrants to increase his stake.
- He exercises 9,80,000 warrants at a premium.
- The warrant exercise completes a capital commitment of close to INR 100 crore.
- The transaction is described as a promoter action through conversion of previously subscribed warrants.
- The reporting focuses on the exercise and associated funding; further post-conversion ownership figures are not specified in the provided summaries.
Chairman exercises 9,80,000 warrants subscribed at a premium, completing a capital commitment of close to INR 100 crore
2 months agoChairman exercises 9,80,000 warrants subscribed at a premium, completing a capital commitment of close to INR 100 crore
2 months ago
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