Chandan Healthcare's board has approved issuing 44.50 lakh fully convertible warrants at Rs 234/warrant, totaling Rs 104.13 Cr upon full conversion.

These warrants are allotted to 18 investors, including promoters, signaling fresh capital infusion for the company.

Additionally, an extra Rs 6 Cr bank guarantee facility from HDFC Bank was approved to enhance credit flexibility for business needs.

While future equity dilution is a potential impact from warrant conversion, this move significantly boosts Chandan Healthcare's funding for growth and operational capacity. #ChandanHealthcare #Fundraising