Brand Concepts allots 6.10 lakh warrants to promoter at Rs 327.80
BCONCEPTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 2.9 pts less than its Speciality Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Brand Concepts allotted 6,10,000 warrants convertible into equity shares to promoter Prateek Maheshwari on preferential basis at Rs 327.80 per warrant, totaling about Rs 19.99 crore. The promoter paid 25 percent upfront (Rs 4.99 crore); the remaining 75 percent is due on conversion within 18 months. Promoter holding rises from 11.08 percent to 15.24 percent on full conversion. No immediate change in paid-up equity capital.
Promoter infuses about Rs 20 crore showing confidence. No dilution now, but potential 4.16 percent dilution if all warrants convert within 18 months.