Sun Pharma Advanced Research Company Receives Consideration for Preferential Allotment of Warrants
Sun Pharma Advanced Research Company Limited announced the receipt of consideration towards the preferential allotment of warrants. The transaction involves an allottee named Shanghvi Finance Private Limited, solidifying the company's capital structure through the allotment of equity instruments.On May 19, 2026, the company received funds from Shanghvi Finance Private Limited. This transaction involved the preferential allotment of 3,85,10,000 warrants. The total amount received against these warrants was Rs. 149,99,64,500.
The payment was made through the following bank details:
| Particulars | Details |
|---|---|
| Allottee Name | Shanghvi Finance Private Limited |
| Number of Warrants Allotted | 3,85,10,000 |
| Amount Received | Rs. 149,99,64,500 |
| Bank Name and Branch | ICICI Bank, Mumbai-Nariman Point |
| Bank Account Number | 000405006328 |
| Date of Receipt | May 19, 2026 |
| UTR Numbers | ICICR42026051900505658, ICICR42026051900505656, ICICR42026051900505659, ICICR42026051900505657 |
SPARC Stock Price Movement
On Monday, shares of Sun Pharma Advanced Research Company Limited edged higher, rallying 12.41% to settle at ₹232.99. The stock hit its 52-week high, supported by heavy trading volumes that reached 60.72 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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