Announced Thu, 23 Jul · 12:51 IST
Board approves issue of 18 lakh convertible warrants worth Rs 5.4 crore
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
₹41.98
base price
In-mkt
timing
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———-2.3-1.1-5.5————————
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AI summary
Alphalogic Techsys board approved issuing up to 18,00,000 convertible warrants to Vivaro Enterprises (non-promoter) at Rs 30 each, aggregating Rs 5.40 crore. Each warrant converts into one equity share of Rs 5 face value within 18 months. On conversion, Vivaro will hold 2.79 percent of post-conversion equity. Subject to shareholder approval via postal ballot.
Likely market impact
Fund raise of Rs 5.4 crore via preferential warrants; potential dilution of 2.79 percent on conversion within 18 months.