At the company EGM on Feb 18, Fiberweb shareholders approved the issue of 18,00,000 (18 lakh) convertible equity warrants on preferential basis to strategic investors not forming part of the promoter group of the company. The equity warrants of face value of Rs. 10/- each are offered at an issue price of Rs. 181.
Fiberweb stock hit a new 52 week high over the past week.