Aerpace board approves 48.83 cr warrant issue to promoter group, new director and advisors
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.6 pts more than Nifty Microcap 250 and 6.2 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.
Promoter stake rise may signal confidence, but warrants dilute existing shareholders on conversion. Notable board additions strengthen governance.