Announced Fri, 10 Jul · 01:06 IST

Aerpace board approves 48.83 cr warrant issue to promoter group, new director and advisors

Price

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

Price reaction · full curve 14 horizons · vs prior close

+6.7%1-day move

₹30.00

prior close

₹30.27

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+3.7+2.6+3.6+4.4+6.7+5.6+6.2+7.5+5.3+19.6————

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AI summary

Aerpace approved issuing 1.5 crore convertible warrants at Rs 32.55 each to promoter group entity NK Family Private Trust, raising Rs 48.83 crore on preferential basis. Warrants carry Rs 31.55 premium and convert into equity shares within 18 months. Full conversion lifts promoter stake from 0.01% to 8.89%. Board appointed Ms Anshu Shukla Pandey as Independent Director for 5 years. Former SBI Chairman Mr Rajnish Kumar named board advisor. In-principle nod for future debt raise.

Likely market impact

Promoter stake rise may signal confidence, but warrants dilute existing shareholders on conversion. Notable board additions strengthen governance.