In-principle approval for 2.32 cr share preferential issue at Rs 330 minimum

Fund Raising View source PDF Explain this filing

ASIANHOTNR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-2.2%Reaction day

₹315.70

prior close

₹315.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.7%+0.5% vs market

Hotels & Resorts peers, median of 54sector-2.0%-0.2% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.2 pts less than its Hotels & Resorts 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

+0.0

10m

+0.0

15m

+0.2

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2-2.7+0.5-2.0-0.2

Next day

-3.3-3.5+0.1-3.5+0.2

-0.2-2.0+1.7-2.3+2.1

-3.4-4.1+0.7-3.5+0.2

-2.7-3.9+1.2-5.1+2.4

-1.2-2.0+0.8-3.9+2.7

-3.4-0.6-2.8-4.4+1.0

15d

-5.0+4.4-9.4+0.4-5.3

-6.2+1.3-7.6-4.4-1.9

-8.8-6.9-1.9-13.1+4.3

-5.1+4.6-9.7-4.0-1.1

UpDownMarket · Nifty Microcap 250Sector · Hotels & Resorts peers, median of 54Pending

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

AI summary

Asian Hotels (North) has received in-principle approval from BSE and NSE to issue 2.32 crore equity shares on a preferential basis to non-promoters at a price not less than Rs 330 each. At the minimum price, the issue could raise about Rs 765 crore. The allotment still requires further regulatory and procedural steps before the shares are listed.

Likely market impact

Potential dilution for existing shareholders as 2.32 crore new shares will be issued to non-promoters, though the company raises fresh capital.