ALFA Filings
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Modern Dairies Ltd's promoter group increased their stake through the conversion of warrants into equity shares, valued at an aggregate of ₹9.50 Crore.
Modern Dairies promoter group Krishan Goyal HUF and Chandigarh Finance converted preferential warrants into 7,00,000 shares at ₹50 each. The conversion totals ₹3.5 Crore, raising promoter stakes.
Modern Dairies promoter group converted 19,00,000 preferential warrants into equity shares. Post-conversion promoter stake rose to 22.36% from 17.44%.
Modern Dairies promoters converted 86,00,000 fully convertible warrants worth Rs.43 Crore into equity shares. Paid-up capital expanded to Rs.31.92 Crore with promoters holding 60.34%.
Modern Dairies allotted 19 lakh shares to Promoter Group upon warrant conversion for Rs. 7.125 Crore. This completes full exercise of all convertible warrants issued earlier.