Announced Mon, 20 Jul · 16:31 IST
Promoter group converts 4.38 lakh warrants into equity shares
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
-3.6%1-day move
₹54.98
prior close
₹53.99
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9+0.6—+0.2-3.6-3.6-8.1-9.1——————
Up moveDown movePending
AI summary
Anand Rayons allotted 4,38,463 equity shares on conversion of warrants held by the promoter group (three Bakshi family members) at Rs 78 per share, including a Rs 68 premium. The company received Rs 2.57 crore as the balance 75 percent payment. Paid-up equity capital rose to Rs 21.91 crore across 2.19 crore shares. About 19.38 lakh warrants remain pending for conversion within the 18 month window from the February 2025 allotment.
Likely market impact
Minor dilution as promoter group converts warrants into equity, marginally raising promoter holding. No fresh capital from new investors.