Allotment of 1,87,20,000 Convertible Warrants to the persons belonging to the Non-Promoter Category each carrying a right to subscribe to one Equity share per warrant, for cash at an issue ....

Sellwin Traders Ltd has allotted 1,87,20,000 convertible warrants to persons belonging to the Non-Promoter Category. Each warrant carries the right to subscribe to one equity share per warrant, to be issued for cash at a stated issue price. The full issue price and conversion terms are not visible in the headline excerpt. This represents a significant potential equity dilution once the warrants are converted into shares.