Announced Fri, 24 Jul · 17:21 IST
Preferential Allotment to Promoter via Loan Conversion
Fund Raising View source PDF
ALMONDZ · price
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Price reaction · full curve
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AI summary
Almondz Global Securities has allotted 1.63 crore equity shares to promoter Avonmore Capital and Management Services at Rs. 15.32 per share (face value Rs. 1, premium Rs. 14.32), totalling Rs. 25 crore. This is a non-cash transaction - the promoters existing Rs. 25 crore unsecured loan is being converted into equity. Shares are locked-in as per SEBI ICDR norms and rank pari passu with existing shares. No fresh cash inflow.
Likely market impact
Promoter stake rises as Rs 25 crore unsecured loan converts to equity; minor dilution for existing shareholders; no fresh cash inflow.