Announced Mon, 13 Jul · 13:12 IST
Capital hike to Rs 2000 cr, AI pivot, Rs 650 cr preferential issue
Corporate Actions 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
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+4.0+6.1+8.2+9.2+15.9+27.8————
Up moveDown movePending
AI summary
Board approved hiking authorized capital from Rs 2.25 cr to Rs 2,000 cr (400 cr shares of Rs 5). Plans preferential issue of 130 cr shares at par to non-promoters, raising up to Rs 650 cr. Company is pivoting from electricity to AI, technology, healthcare, vehicle distribution, and marketing businesses. Registered office moving from Mumbai to Delhi. Two new directors appointed. Postal ballot e-voting ends Aug 12, 2026.
Likely market impact
Massive equity dilution and business pivot away from electricity. Shareholders should review postal ballot resolutions carefully before Aug 12.