Announced Sat, 27 Jun · 16:40 IST
Best Agrolife: 23.4 lakh warrants lapse, Rs 37.5 crore forfeited
Fund Raising View source PDF
BESTAGRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹15.54
prior close
₹15.57
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+0.7+0.1+0.3-0.7+1.7+1.2+2.5+1.6-2.7+0.3———
Up moveDown movePending
AI summary
Board noted lapse of 23,43,750 convertible warrants allotted in December 2024 after 17 warrant holders failed to exercise conversion within the 18-month window (deadline June 26, 2026). Company will forfeit the 25 percent upfront subscription amount of Rs 37.50 crore as per issue terms. No equity dilution from these warrants will occur.
Likely market impact
Company retains Rs 37.5 crore upfront; avoids potential equity dilution from these warrants. Negative for the 17 warrant holders who lose their investment.