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    MC Pro Inside Edge: Early conversion at Walchandnagar Industries, Halwasiya firms continue slide, MFs punt on ‘future’, Wockhardt shuts window

    Know what stocks veteran bulls are eyeing, what the bears are ganging up against, major deals and all the inner goings-on from Dalal Street

    M F Saudamani
    March 20, 2024 / 08:39 AM IST
    MC Pro Inside Edge: Early conversion at Walchandnagar Industries, Halwasiya firms continue slide, MFs punt on ‘future’, Wockhardt shuts window

    Cash the chips

    The 33 investors—including two promoter group entities—who were allotted preferential warrants in Walchandnagar Industries in October 2023, have converted a tidy portion of those warrants into shares. Under the rules, they can convert the warrants into shares anytime within 18 months from the date of allotment. Some investors have converted all of their warrants by paying the outstanding amount. The development has surprised the Street because the very idea of subscribing to warrants is to

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