Share warrant - Bonus shares

I wanted to ask something about share warrants..

Say i am holding a share warrant certificate which entitles me to 100 shares of XYZ ltd @ Rs.60 after 1 yr.

During this time company announced a bonus of 1:1 and thus the price of stock got reduced by 50%.

As a warrant holder now upon conversion.. will i get double the shares or what ?

Yes Arnav, you get double the stocks in this case after 1 yr.
It is like Employee stock option (ESOP) scheme.. where many companies give ESOP to their employee to retain them for long time.

During this period, any adjustment due to corporate action of stock gets equally adjusted to option as well. There should be 1 condition mentioned in 10s of other condition in contract document.

Happy Trading

hmm ohkk.. Thanks a lot !!

You seem to know about almost everything
I like it.. Im officially your fan ! hehe

cheers

Thanks Arnav for such a big compliment.
It maybe that I just happen to pass more number of days in this world and has got more grey hairs..and got wider exposure in this period.

Happy Trading