Cheralathan Boosts Stake in Madhusudan Securities to 7.54% via Warrant Conversion Oct 14, 2025
Cheralathan, a non-promoter investor in Madhusudan Securities, has significantly increased his stake from 0.79% to 7.54% through a preferential allotment. On October 10, 2025, he acquired 15,00,000 shares by converting warrants, bringing his total holding to 16,15,000 shares. This transaction was part of a larger issuance where the company allotted 68,57,334 equity shares to strategic investors. The company's equity share capital expanded from 14,56,21,530.00 to 21,41,94,870.00, with total shares increasing from 1,45,62,153 to 2,14,19,487.