Allotment of 18 lakh convertible warrants to non-promoter entity at Rs 30

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-2.8% vs market

Computers - Software & Consulting peers, median of 65sector-1.2%-1.8% vs sector

On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 1.8 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 65Pending

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

AI summary

Alphalogic Techsys board allotted 18,00,000 convertible warrants to Vivaro Enterprises Limited (non-promoter) at Rs 30 per warrant via preferential route. Each warrant carries Rs 25 premium over Rs 5 face value. 25 percent of the price received now; balance 75 percent due within 18 months on conversion. On full conversion, Vivaro will hold about 2.79 percent stake.

Likely market impact

Dilutive - up to 18 lakh new shares may be issued later, reducing existing shareholders stake by up to 2.79 percent. Potential fresh capital of about Rs 5.4 crore.