Kalind Limited Approves ₹316.02 Crore Preferential Warrant Issue

Kalind approved a preferential issue of up to 27.48 crore warrants at Rs.11.50 each, potentially raising Rs.316.02 crore. Two non-promoter LLPs will subscribe; conversion within 18 months would increase shares to 118.90 crore and reduce promoter holding from 13.56% to 10.43%, subject to shareholder and regulatory approvals.