Announced Sat, 18 Jul · 21:06 IST
Promoter group Vachi Commercial LLP acquires 4 lakh shares via warrant conversion
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+15.9%1-day move
₹11.89
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+15.9+13.5+15.6+11.4+7.3—————
Up moveDown movePending
AI summary
Continental Securities informed BSE that promoter group entity Vachi Commercial LLP has acquired 4,00,000 equity shares of face value Rs 2 at Rs 21 per share through conversion of convertible warrants, part of a preferential allotment. The promoter group had earlier subscribed to 20 lakh warrants on payment of 25 percent of the warrant price, with the balance paid at conversion.
Likely market impact
Shows promoter group confidence via preferential warrant conversion. Small-cap, low-float stock, so any promoter buying is noteworthy for investors.