Board approves plan to raise up to Rs 700 cr via equity, seeks shareholder nod

Fund Raising View source PDF Explain this filing

ARTEMISMED · price

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Price reactionminutes from the announcement price · days from the prior close

+0.4%Reaction day

₹270.40

prior close

₹271.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.0%+0.4% vs market

Hospital peers, median of 25sector+0.2%+0.2% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.2 pts more than its Hospital peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.3

10m

+1.4

15m

+1.9

30m

+1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.4-0.0+0.4+0.2+0.2

Next day

-4.6-2.0-2.6-0.4-4.2

-4.6-0.1-4.4+1.3-5.9

-4.9-1.6-3.3-1.2-3.7

-6.1-2.7-3.4-1.9-4.2

-2.7+0.3-3.0-0.7-2.0

-3.7+2.6-6.3-0.8-2.9

15d

-2.7+4.2-6.9+1.0-3.8

+2.4+6.2-3.8+3.6-1.2

+18.4+8.6+9.8+4.8+13.6

+27.4+11.2+16.2+3.8+23.6

UpDownMarket · Nifty Microcap 250Sector · Hospital peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Artemis Medicare Services board approved seeking shareholder approval through postal ballot to raise up to Rs 700 crores by issuing equity shares and/or other eligible securities. Pricing, mode, and timing are yet to be decided by the board. The proposal is subject to shareholder approval and regulatory clearances under SEBI and Companies Act rules.

Likely market impact

Potential dilution if equity shares are issued. No immediate price impact until terms and pricing are finalized.