BRIGADENSEBRIGADE ENTER. LTD· ConstructionHighNeutral
Announced Wed, 15 Jul · 19:19 IST

Board okays Rs 180 cr warrants to promoter group, Rs 1500 cr NCDs and ESOP

Fund Raising View source PDF

BRIGADE · price

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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹561.20
prior close
₹571.00
base price
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AI summary

Brigade Enterprises board approved issuing 34.23 lakh convertible warrants at Rs 526 each (face value Rs 10, premium Rs 516) to promoter group entity Mysore Holdings, raising about Rs 180 crore. Post-issue promoter holding rises from 2.57% to 3.58%. Board also approved NCDs of up to Rs 1500 crore on private placement, a new ESOP 2026 plan, final dividend of Rs 2 per share (record date August 5, 2026). AGM set for August 13, 2026.

Likely market impact

Promoter infusion of about Rs 180 cr signals confidence, while Rs 1500 cr NCD plan may lift debt. Rs 2 per share dividend confirmed.