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Question
The Adani family has raised their stake in Ambuja Cements by the conversion of 21.20 crore warrants into shares in a transaction that will see them infusing nearly ₹ 6,661 crore.
- What is a share warrant?
- Mention the head under which Money received against Share Warrants is shown in the Balance Sheet of a company prepared as per Schedule III of the Companies Act, 2013.
Solution
- A share warrant is a financial instrument which gives the holder the right to acquire equity shares specified therein at a specified date at a predetermined price.
- Shareholder’s Funds.
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