Caprihans India Limited has informed the Exchange about Redemption of Preference Shares and Allotment of Equity Shares upon Conversion of Warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Caprihans India has redeemed 39,75,000 preference shares of ₹10 each (totalling ₹3.97 Crores) carrying a tiny 0.1% non-cumulative dividend, reducing its preference share capital to ₹137.93 Crores. Separately, promoter Bilcare Limited has converted 2,65,000 warrants into equity shares at ₹200 per share (₹10 face value + ₹190 premium), paying the remaining 75% of ₹3.98 Crores. This takes Bilcare's stake from 62.92% to 63.47%, and raises the company's paid-up equity capital from ₹17.35 Crores to ₹17.62 Crores. This is part of an ongoing series of warrant conversions out of the 48 lakh warrants originally issued to the promoter on a preferential basis.
The preference share redemption is minor (low-cost capital being retired) while the warrant conversion is mildly dilutive but expected, as it is the promoter increasing its own holding. No major price-moving event, though equity base expansion is modest.