Five proposed equity allottees replace two in preferential issue
DPABHUSHAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250 and 3.9 pts less than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Vedcroft Ventures Private Limited and Deepak Gadia were replaced by five non-promoter investors for the same 11,195 shares and Rs 1.60 crore consideration. The revised preferential issue still covers 866,434 shares and 3,035,711 convertible warrants at Rs 1,430 each. It remains subject to the October 29 shareholder meeting and regulatory approvals.
No change to fundraising size or price. The share issue and later warrant exercise could dilute existing shareholders if completed.