💨 Abstract

Medicamen Organics Limited, a leading pharmaceutical and health product manufacturer, has issued and allotted 4,65,910 convertible warrants to its promoter group to raise Rs 3 Cr for working capital strengthening. The convertible warrants will increase the promoters' holding to 61.24%. The funds will enhance operational capacity and meet market demands. This move aligns with the company's growth strategy.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖