Modern Dairies Allots 16 Lakh Shares To Promoters For ₹6 Crore

Modern Dairies allotted 16 lakh equity shares to promoters and promoter group on conversion of warrants at ₹50 each, raising ₹6 crore. Paid-up capital increased to ₹30.02 crore, while the allottees’ combined holding rose from 29.65% to 33.40%. Context: further reduces the remaining warrant overhang.