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Phoenix Township Limited's Board has approved the allotment of 14,09,380 equity shares at Rs. 143 each, following the conversion of an equivalent number of warrants. This conversion, which included a Rs. 133 premium per share, generated Rs. 15.12 Cr for the company from both promoter and public investors. Importantly, 10,15,000 warrants remain outstanding, giving holders up to 18 months from their original allotment to convert them by paying the balance amount. This bolsters the company's equity and capital.