thanks Abhishek for the clarification.
After the announcement in Apr 2015 regd issue of warrants I stopped tracking the company.
I agree that issue of warrants at 200 to non-promoter is a green flag.
However, there must be something wrong with the FII Polus Global to subscribe to warrants at Rs 200 when the stock was quoting at around Rs 130 in Sept ( and at lesser price prior to that) . Why not buy from open market ?
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