JHS Svendgaard Labs to allot 11 lakh warrants

JHS Svendgaard Laboratories today said it will allot 11 lakh convertible warrants to the promoter and strategic investors.     

The board of directors have approved to issue 11 lakh warrants which would be convertible into equity shares at the option of the holders to the persons belonging to the promoter and strategic investors, JHS Svendgaard Laboratories said in a filing to the Bombay Stock Exchange(BSE).     

Further, the allotment is subjected to the shareholders' approval, the filing added.