How it differ from Normal & Non Voting?
Why companies use different warrants?
ex: SEMB W0015, SEMB W0016
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What are Warrants?
It is a gurantee by the company to the warrant holder to purchase a share of a company at a specified discounted value at a later date.
Ex : Exercising price of a SEMB.W15 is Rs 1. So in Dec 2011 ( if I recall right), If you have a warrant of SEMB.W15 you can pay rs 1 and convert it to a normal share.,
In essence warrant is like Rights. But warrant are usually for longer term when issued. Right converstion to normal share might happen in 2 months for example. Warrant converstion might happen in longer time. ( maybe 1 year from time they announce)
Note if you purchase a warrant from market now you will buy the gurantee only to pay Rs 1 if yo uwnat to convert to share.
SEMB.W15 is voting SHare SEMB.N
SEMB.W16 is non voting share SEMB.X
@micky wrote:yep, i asked it, but how to pay for warrants? I mean how to convert to a normal share? what is the procedure?
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