Baid Finserv allots 72 lakh shares on warrant conversion by promoters

Warrants ConvertedFund Raising View source PDF Explain this filing

BAIDFIN · price

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

+0.5%Reaction day

₹9.74

prior close

₹9.65

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-0.1% vs market

Non Banking Financial Company (NBFC) peers, median of 219sector+0.0%+0.5% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.5 pts more than its Non Banking Financial Company (NBFC) 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

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Reaction day

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Next day

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15d

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+8.9-0.9+9.8-2.8+11.7

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 219Pending

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

AI summary

Board allotted 72,04,099 equity shares (face value Rs. 2, premium Rs. 13.10) at Rs. 15.10 each to 4 promoter group allottees upon converting warrants. Total consideration about Rs. 8.16 crore. Promoter holding rose from 47.39% to 49.73%. All warrants now fully converted, none outstanding.

Likely market impact

Promoter group stake rises to 49.73%, diluting minority shareholders. No further warrants pending conversion.