Medicamen Biotech Allots 5 Lakh Shares Worth Rs 26.5 Crore To Promoter

Preferential Issue Committee allotted 5,00,000 equity shares at Rs530 per share aggregating Rs26.5 crore to promoter Shivalik Rasayan on conversion of fully convertible warrants, raising paid-up capital to 1,40,62,815 shares. Context: starts conversion of pending warrant overhang.