{"id":49100,"date":"2025-01-08T10:52:08","date_gmt":"2025-01-08T05:22:08","guid":{"rendered":"https:\/\/mint-money.in\/index.php\/2025\/01\/08\/ajooni-biotech-to-raise-inr-45-crores-via-5-crores-convertible-warrants-at-rs-9-each\/"},"modified":"2025-01-08T10:52:08","modified_gmt":"2025-01-08T05:22:08","slug":"ajooni-biotech-to-raise-inr-45-crores-via-5-crores-convertible-warrants-at-rs-9-each","status":"publish","type":"post","link":"https:\/\/mint-money.in\/index.php\/2025\/01\/08\/ajooni-biotech-to-raise-inr-45-crores-via-5-crores-convertible-warrants-at-rs-9-each\/","title":{"rendered":"Ajooni Biotech to Raise INR 45 Crores via 5 Crores Convertible Warrants at Rs 9 Each"},"content":{"rendered":"<div>\n<p><strong>Mumbai (Maharashtra) [India], January 08: Ajooni Biotech Limited (NSE: AJOONI),<\/strong> a PURE VEG. animal health care solutions company, has made two strategic decisions aimed at enhancing its financial structure and supporting future growth initiatives. The Board of Directors has approved an increase in the company\u2019s Authorized Share Capital from \u20b940 Crores to \u20b950 Crores with the new shares ranking pari passu with the existing equity shares.<\/p>\n<p>The company will issue up to 5,00,00,000 convertible warrants at an issue price of \u20b99 each, aggregating \u20b945 Crores. These warrants will be allocated to both Promoters such as Jasjot Singh, Healthy Biosciences Limited, Non-Promoters, including Al Maha Investment Fund PCC, Minerva Ventures Fund, Veer Energy &amp; Infrastructure Limited, Gala Finance and Investment Private Limited. Each warrant is convertible into one equity share, with a conversion ratio of 1:1, at the same price.<\/p>\n<p>These initiatives will strengthen the company\u2019s capital base, providing financial flexibility for future growth. The issuance of convertible warrants and increase in share capital demonstrate the company\u2019s commitment to enhancing shareholder value.<\/p>\n<p><strong>Commenting on the order, Mr. Jasjot Singh, MD &amp; CFO, Ajooni Biotech Limited:<\/strong> \u201cWe are pleased to announce strategic initiatives, which are aimed at strengthening our financial foundation and supporting our growth ambitions. The increase in authorized share capital and the issuance of convertible warrants reflects our commitment to enhancing shareholder value and ensuring financial flexibility for our future endeavors. These steps are pivotal in positioning the company for long-term growth and reinforcing our commitment to the animal healthcare sector.<\/p>\n<p>We are confident that these initiatives will help us expand our market presence and build stronger relationships with our stakeholders, driving further success in the coming years.\u201d<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], January 08: Ajooni Biotech Limited (NSE: AJOONI), a PURE VEG. animal health care solutions company, has made two strategic decisions aimed at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":49101,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[232],"class_list":["post-49100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/posts\/49100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/comments?post=49100"}],"version-history":[{"count":0,"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/posts\/49100\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/media\/49101"}],"wp:attachment":[{"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/media?parent=49100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/categories?post=49100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mint-money.in\/index.php\/wp-json\/wp\/v2\/tags?post=49100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}