Announced Thu, 23 Jul · 12:44 IST
Board approves 18 lakh convertible warrants to non-promoter for Rs 5.4 Cr
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹43.50
prior close
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AI summary
Alphalogic Techsys board approved issuing up to 18,00,000 convertible warrants to Vivaro Enterprises Limited (non-promoter) at Rs 30 each, aggregating Rs 5.40 crore. Each warrant converts to one equity share of Rs 5 face value within 18 months from allotment. Vivaro will hold about 2.79% of post-conversion equity capital. The move is subject to shareholder approval via postal ballot by 22 August 2026.
Likely market impact
Potential equity dilution of 2.79% on conversion; brings in Rs 5.40 crore fresh capital; pending shareholder approval via postal ballot.