5paisa Capital updates on preferential equity issue via share swap
5PAISA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.2 pts more than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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5paisa Capital is issuing 20,50,588 new equity shares to two public allottees via a share swap at a ratio of 1:31, involving shares held by them in GDPL. Post-issue, promoters stake will reduce from 36.50% to 34.53%, a fall of 1.97%. No change in control. Shareholding pattern and allotment details were disclosed as required by stock exchanges.
Minor dilution of about 1.97% for promoters; no change in control. Allottees together hold 4.14% post-issue on a fully diluted basis.