Indo Us Bio-Tech Limited (BSE:541304) announced that it will issue 500,000 warrants at a price of INR 23.50 per warrant for gross proceeds of INR 11,750,000 to Indo-US Agriseeds Private Limited on August 9, 2019. The warrants are exercisable for INR 70.5 per share at any time during the period of 18 months from the date of allotment of warrants. The company will issue securities on a preferential basis in compliance with applicable provisions of SEBI ICDR Regulations. Warrants would be allotted only upon payment of 25% of the price of warrant at the time of allotment. The transaction has been approved by the board of directors of the company. The transaction is subject to approval of shareholders of the company in its extraordinary general meeting to be held on September 9, 2019. The warrants are subject to lock-in provisions as prescribed by SEBI Regulations for preferential issues.