63 moons gets 60 crore shares in 63SATS on ZOFCD conversion

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63MOONS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.7%Reaction day

₹763.10

prior close

₹764.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-1.1% vs market

Computers - Software & Consulting peers, median of 63sector-0.9%-0.8% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.8 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

-0.4

15m

-0.8

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.7-0.6-1.1-0.9-0.8

Next day

-3.0-1.5-1.5-0.9-2.1

-4.5-1.8-2.6-0.8-3.7

-1.3-0.6-0.7-0.1-1.2

-0.6+0.8-1.4+0.4-1.0

-0.4+0.8-1.2+0.5-0.8

-4.2-0.2-4.0-1.4-2.8

15d

-6.6+1.1-7.6-0.6-5.9

-11.2-3.5-7.6-4.0-7.2

-12.7-3.2-9.4-14.9+2.2

-28.9-12.8-16.1-24.3-4.6

UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 63Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

63 moons received 60 crore equity shares (Re 1 face value each) in subsidiary 63SATS Cybertech Ltd on conversion of 6000 Zero Coupon Unsecured Optionally Fully Convertible Debentures of Rs 1 lakh each held by the company. Post-allotment, shareholding in 63SATS stands at 65.27 percent.

Likely market impact

Internal subsidiary restructuring via debenture to equity conversion. No immediate cash impact for 63 moons shareholders.