63SATS signs Rs 65 crore warrant deal with Bennett Coleman

Fund Raising View source PDF Explain this filing

63MOONS · price

Loading chart…

▲ 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

+0.8%Reaction day

₹935.85

prior close

₹932.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Computers - Software & Consulting peers, median of 68sector-0.8%+1.6% vs sector

On the reaction day the stock moved 1.6 pts more 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

+0.8

10m

+0.6

15m

+0.7

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.8pendingpending-0.8+1.6

Next day

—————

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 68Pending

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

AI summary

Subsidiary 63SATS Cybertech signed a warrant agreement with Bennett Coleman and Company Limited for 65 warrants, each worth Rs 1 crore. BCCL will pay Rs 10 lakh per warrant upfront, totaling Rs 6.5 crore, and the remaining 90 percent upon conversion into shares. The conversion price and share count will be fixed later. Funds will support 63SATS working capital and growth.

Likely market impact

Supports 63SATS funding needs while delaying dilution. Future dilution depends on the conversion price and share count, which are not yet set.