HFCL allots 7.5 cr convertible warrants aggregating to Rs 138.75 cr

HFCL has allotted 7.50 crore convertible warrants to NextWave Communications (promoter) and Satellite Finance (promoter group) on receipt of warrant subscription amount of Rs 18.50 per warrant (being 25% of the exercise price of Rs 74 per warrant aggregating to Rs 138.75 crore).