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Kwality Limited Receives INR 812.5 Million in Investments

 Kwality Limited announced on September 20, 2014, that it will issue 31,088,082 convertible warrants through a private placement. Each warrant can be converted into a common share of the company. Initially, the company will receive 25% of the payment upfront, with the rest being paid when the warrants are exercised. These warrants will expire 18 months after they are issued. The transaction will be done on a preferential basis and has already been approved by the company's board of directors. However, it still requires approval from the shareholders, which will be decided at an extraordinary general meeting on October 18, 2014.


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