Karuturi Global allots 36.50 crore convertible warrants to non-promoters

Karuturi Global has clarified that it has allotted 36.50 crore convertible warrants of face value ₹1 each to non-promoters on preferential allotment basis instead of 34.5 crore convertible warrants. Earlier, the company had informed the exchanges that its board (on May 25) had allotted 34.5 crore convertible warrants as approved by shareholders. Shares of Karuturi Global jumped 9.6 per cent at ₹2.62 on the BSE.