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NHC Foods proposed a Rs.53.76 crore preferential issue of up to 25.60 crore warrants at Rs.2.10 each, subject to shareholder approval. Satyam S Joshi HUF would receive 14 crore warrants, translating to an 11.67% stake upon conversion, following conversion of 19 FCCBs into 18.18 crore shares.
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