Archive · 18 Jan 2026
Fineotex Chemical Shares in Focus After Warrant Conversion
Fineotex Chemical, a company that makes special chemicals, is in the news because it has decided to give out 50 lakh new shares to some investors.
These shares are given because some special promises (called warrants) that the company made earlier are now being turned into real shares.
A famous investor named Ashish Kacholia owns a big part of the company.
The company's shares have gone up and down in the last few years, but they are still worth a lot of money.
The shares will be in focus on Monday, 19 January 2026, because of this news.
Fineotex Chemical's board approved the allotment of 50 lakh equity shares upon conversion of 5 lakh warrants.
The shares were issued at ₹38.74 each, with warrants originally issued at ₹387.40 each.
Ashish Kacholia holds a 2.59% stake in Fineotex Chemical, amounting to over 3 crore shares.
Fineotex Chemical's shares closed at ₹22.93 on Friday, 16 January 2026, with a market capitalization of ₹2,627.21 crore.
The company's shares have seen significant fluctuations, with a 52-week high of ₹35.79 and a low of ₹20.70.
- Who
- Fineotex Chemical, Ashish Kacholia
- What
- Allotment of 50 lakh equity shares upon conversion of share warrants
- When
- Approved on 17 January 2026, effective on 19 January 2026
- Where
- India, listed on NSE
- Why
- To raise funds through preferential allotment to non-promoter entities
- Equity Shares Allotted
- 50 lakh
- Issue Price per Share
- ₹38.74
- Warrant Conversion Price
- ₹387.40
- Total Amount Raised
- ₹14,52,75,000
- Ashish Kacholia's Stake
- 2.59%
- Current Share Price
- ₹22.93
- Market Capitalization
- ₹2,627.21 crore
- 52-Week High
- ₹35.79
- 52-Week Low
- ₹20.70