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Kamdhenu Limited Forfeits Warrants Due to Non-Conversion

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Kamdhenu Limited Forfeits Warrants Due to Non-Conversion

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Kamdhenu Limited ( (IN:KAMDHENU) ) has issued an announcement.

Kamdhenu Limited has announced the forfeiture of 14,97,200 warrants due to the non-exercise of conversion rights by the allottees. The upfront amount of Rs. 13,21,27,900, which is 25% of the issue price received at the time of allotment, has also been forfeited. This decision, approved by the Board of Directors, reflects the company’s adherence to SEBI regulations and may impact the financial strategies of the involved stakeholders.

More about Kamdhenu Limited

Average Trading Volume: 196,251

Technical Sentiment Signal: Sell

Current Market Cap: 8.37B INR

For a thorough assessment of KAMDHENU stock, go to TipRanks’ Stock Analysis page.

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