Announced Wed, 1 Jul · 19:23 IST
Allotment of equity shares and 74 lakh convertible warrants on preferential basis
Fund Raising View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Board allotted 20,000 equity shares at Rs 10 each (sixth tranche) to one non-promoter for Rs 2 lakh. Also allotted 74 lakh convertible warrants at Rs 10 each to 4 non-promoters, aggregating Rs 7.4 crore, with 25 percent received upfront. Paid-up capital rises to about Rs 6.76 crore (67.59 lakh shares). Warrants are convertible into equal equity shares within 18 months on payment of the remaining 75 percent.
Likely market impact
Small share allotment has minor impact. Potential dilution from 74 lakh warrants if converted into equity within 18 months.