Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial

Jyoti Structures Warrants Will Go Unexercised


An after-note on a post I wrote long back on Jyoti Structures NCDs and Warrants (March 2011).

Today’s the last date of the first period of exercise (if you hold the warrant) but it will go unexercised, because the exercise price is 120 and the share’s at 71.

NCDs trade very thin, between 110 and 114 if you can get it. Not that great (even with the 13% yield it has, if Jyoti doesn’t default).

(I need to create a note-taking method that’s less cumbersome than a blog post)


Like our content? Join Capitalmind Premium.

  • Equity, fixed income, macro and personal finance research
  • Model equity and fixed-income portfolios
  • Exclusive apps, tutorials, and member community
Subscribe Now Or start with a free-trial