CP Capital to issue 16.45 lakh convertible warrants to promoters at Rs 152
CPCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 19.3 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CP Capital board approved issuing up to 16,45,000 fully convertible warrants to promoter and promoter group on preferential basis at Rs 152 per warrant, which is about Rs 1.20 above the floor price of Rs 150.80, raising up to Rs 25.004 crore. Allottees are 9 Maheshwari family members and Wellwin Technosoft Limited, each getting 1,64,500 warrants. Subscribers pay 25 percent upfront and 75 percent on conversion within 18 months. Subject to shareholder approval at EGM on November 2, 2026.
Promoters increasing their stake signals confidence; up to 8 percent dilution on full conversion. May be mildly positive sentiment.