The Board also approved issuance of up to 7,50,000 warrants to Elizabeth Mathew on a preferential basis at a price of Rs. 122 per warrant, each convertible into 1 (one) equity share of the face value of Rs. 5/- (Rs five only) each fully paid up at a premium of Rs. 117 per share within a period of 18 (eighteen) months from the date of allotment in accordance with SEBI (ICDR) Regulations, 2018