Board allots 10 lakh convertible warrants to promoters at Rs 410 each
BLUEWATER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Blue Water Logistics board allotted 10 lakh fully convertible warrants to promoters and promoter group on preferential basis at Rs 410 per warrant (face value Rs 10, premium Rs 400). Allottees include MD Lalit Panda (2L), Sarojini Panda (3L) and 3 other promoter group members. 25 percent of issue price received, balance 75 percent due within 18 months for full equity conversion.
Promoters strengthening their holding; potential dilution of 10 lakh shares within 18 months. Signals promoter confidence though creates future supply overhang.