Announced Mon, 13 Jul · 13:14 IST
Board clears Rs 650cr raise and full pivot away from power business
Management Changes View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.0%1-day move
₹89.76
prior close
₹91.55
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+4.0+6.1+8.2+9.2+15.9+27.8————
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AI summary
Amalgamated Electricity Co board cleared a sweeping overhaul: authorized capital raised from Rs 2.25 cr to Rs 2000 cr, and a Rs 650 cr preferential issue of 130 cr shares at Rs 5 to six non-promoter funds. Main objects will pivot entirely from power to AI, healthcare, EVs, and marketing. Registered office shifting from Mumbai to Delhi. Two new directors appointed. Postal ballot for shareholder approval by Aug 12, 2026.
Likely market impact
Massive dilution risk and a complete business pivot from power to AI and healthcare. Watch postal ballot outcome on Aug 12, 2026.