Announced Tue, 7 Jul · 24:31 IST
Board approves Rs 3,322 Cr preferential issue and warrants
Fund Raising View source PDF
APOLLO · price
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Price reaction · full curve 14 horizons · vs prior close
-6.9%1-day move
₹422.00
prior close
₹427.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.7-4.4-4.5-5.0-6.9-4.9-3.0-4.4-3.9-5.7————
Up moveDown movePending
AI summary
Board approved a preferential issue of 2.28 crore equity shares at Rs 416.60 each to 55 non-promoter allottees, raising about Rs 951 Cr. Also approved 5.69 crore convertible warrants at Rs 416.60 to 93 allottees (including promoters Chanakya and Kanishka Reddy Baddam), raising up to Rs 2,371 Cr. Authorized capital raised from Rs 45 Cr to Rs 63 Cr. Acuité Ratings named as monitoring agency. EGM set for August 4, 2026.
Likely market impact
Large dilution expected as about 8 crore shares and warrants may be added, putting short-term pressure on share price.