It seems like you don’t understand how warrants work. They took the warrants in August when the share price was around 490-500 rupees. Then how is it at a discount?
In fact, the promoters are paying for the warrant within 3 months which is much less than 1-3 years that is the normal expiry period of the warrants. It shows that the promoters are really keen to invest in the company and also to increase their stake at the market valuations.
I understand when people raise questions about transactions that is not clearly explained by the management but to blame the management without understanding the process is not good, especially on this forum.
I am adding this link below so people can have better understanding of how warrants work-
and please remember that Warrant is a perfectly legal and normal process for raising money in Indian markets, and many big companies in the past have used this route.
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