COVERED warrants are basically derivatives which are traded in the market and “derive” their values based on the underlying shares that they represent.
Typically, warrants are issued by companies in conjunction with some other corporate exercise and this could be in the form of inducement for shareholders to subscribe for either a rights issue exercise or in some cases, they are issued as a “reward” to shareholders in the form of a bonus issue.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
