Last week, Indian equity benchmarks ended the extended trading week in red terrain as traders opted to book profit at all-time high levels amid tensions in the Middle East and dimming rate cut hopes by the US Fed.
Since January this year, about three dozen companies have allotted convertible warrants to their promoters. The list mostly includes small- and medium-sized companies across sectors. Ashapura Minechem, Flexituff Ventures, BCL Industries, Hariom Pipe Industries and Magnum Ventures are a few notable examples with an annual turnover above Rs 300 crore.