CENTRUMNSECentrum Capital LimitedMediumNeutral
Announced Fri, 27 Mar · 18:35 IST

Centrum Capital Limited has informed the Exchange regarding allotment of 27250000 equity shares pursuant to exercise of warrants.

Warrants ConvertedFund Raising View source PDF

CENTRUM · price

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Price reaction · full curve 14 horizons · vs prior close
-8.1%1-day move
₹31.02
prior close
₹31.20
base price
After-mkt
timing
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-2.2-4.9-2.6-2.5-8.1-11.2-11.0-13.9-8.4-8.3-19.8-20.9-28.6-29.8
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AI summary

Centrum Capital has allotted 2.72 crore equity shares of face value ₹1 each at an issue price of ₹28.52 per share (including a premium of ₹27.52) to JBCG Advisory Services Private Limited, a promoter group entity, upon exercise of convertible warrants. The company received ₹58.29 crore (being 75% of the total issue price) from the allottee as the balance exercise consideration. This conversion is part of the 7.01 crore warrants originally allotted on a preferential basis on August 1, 2025, of which 4.29 crore warrants still remain pending conversion. Post-allotment, the promoter group's shareholding has risen from 35.85% to 39.44%, and the total paid-up equity share capital of the company now stands at ₹48.68 crore divided into 48.68 crore equity shares of ₹1 each. The newly allotted shares will rank pari-passu with existing equity shares.

Likely market impact

The promoter group's stake increase from 35.85% to 39.44% strengthens their controlling position but results in moderate dilution for existing minority shareholders. The ₹58.29 crore inflow improves the company's capital base, but the remaining 4.29 crore warrants could lead to further dilution if fully converted in the future.