Announced Fri, 3 Jul · 16:23 IST
Board approves allotment of 86.95 lakh shares on warrant conversion
ACSTECH · price
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Price reaction · full curve 14 horizons · vs prior close
-2.3%1-day move
₹44.10
prior close
₹46.15
base price
After-mkt
timing
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—-1.0-1.4—-2.3-6.1-8.2-4.6+0.7-2.0-8.4———
Up moveDown movePending
AI summary
ACS Technologies Board approved allotment of 86,95,000 equity shares (face value Rs 10) at Rs 31.25 each, including a premium of Rs 21.25, on conversion of warrants. The company received the balance 75 percent consideration of Rs 20.38 crore from 11 non-promoter allottees. Warrants were originally allotted on Dec 1, 2025. About 81.25 lakh warrants remain outstanding for conversion within the 18-month window.
Likely market impact
Share count rises by 86.95 lakh on conversion, diluting existing holders. Balance warrants may add more shares. About Rs 20.38 crore added to capital.