Board approves allotment of 11.78 lakh equity shares
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 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.
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The board allotted 1,178,005 equity shares at Rs 23 each, including a Rs 13 premium, for cash. The issue to promoters and public shareholders raised Rs 2.70 crore. Paid-up capital increased to Rs 6.03 crore, comprising 6,027,705 shares of Rs 10 each. The new shares rank equally with existing shares.
The issue brings cash into the company but expands the share count, potentially diluting existing shareholders unless the funds create comparable value.