Allotment of 14.5 Lakh Shares on Warrant Conversion to Promoter Group

Warrants ConvertedFund Raising View source PDF

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Price reaction · full curve 14 horizons · vs prior close

+12.9%1-day move

₹79.70

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+12.9+7.1+3.5+9.2+14.1+15.1-0.3-7.1+24.2+16.7

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AI summary

Cranex Ltd allotted 14,50,000 equity shares (face value Rs. 10 each) to the promoter/promoter group upon conversion of warrants. The conversion price was Rs. 102 per share, which includes a premium of Rs. 92 per share. This allotment increases the promoter's shareholding in the company.

Likely market impact

Promoter shareholding rises, leading to minor dilution for existing public shareholders.