Karuturi Global’s board on Monday allotted 34.5 crore convertible warrants of face value ₹1 each to non-promoters on preferential allotment basis and 1,000 fully convertible debentures of face value ₹5 lakh each to promoters. Shareholders had approved the allotments at the AGM on March 20. The stock of Karuturi Global jumped 16.6 per cent at ₹2.80 on the NSE.
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