Free stock tips & updates : HDFC has provided 3.65 cr warrants at 14 rs a piece, giving warrant holders the right to exchange one warrant for one equity share in the next 3 years at a prefixed price of Rs 1,475. If all warrants are converted, it would mean less than 2% dilution of equity for HDFC.
A stock warrant is just like a stock option because it gives you the right to purchase a company's stock at a particular price on a particular date. The only difference is that stock warrants are issued by the company or enterprise & not option writers.
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