BSEPrabhatam Infra Venture LtdHighNegative
Announced Tue, 21 Jul · 20:04 IST

Board approves preferential allotments via share swap and cash at Re. 1 per share

Fund Raising View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Board approved two preferential allotments on July 21, 2026. First, 14.40 crore equity shares allotted via share swap (no cash) at Re. 1 each to promoter group entities and one public allottee. Second, 5.85 crore shares allotted for cash at Re. 1 each to 20 public allottees. Total paid-up capital rose to Rs. 22.15 crore across 22.15 crore shares. Both issues priced at face value, no premium charged.

Likely market impact

Large share dilution as count jumps to 22.15 crore; cash portion raises only about Rs. 5.85 crore. Watch for share price reaction.