Announced Wed, 8 Jul · 20:32 IST
Allotted 59.76 lakh shares at Rs 502 each via preferential route, raising Rs 300 cr
Fund Raising View source PDF
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Price reaction · full curve 14 horizons · vs prior close
+3.9%1-day move
₹674.55
prior close
₹643.00
base price
After-mkt
timing
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+1.7+1.1+1.9+3.8+3.9+0.8+1.8+6.7+4.5+3.0————
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AI summary
The Fund-Raising Committee allotted 59,76,096 equity shares at Rs 502 per share (face value Rs 10) on a preferential basis, raising about Rs 300 crore. Allottees include 24 entities such as Kotak Mahindra Trustee, WhiteOak Capital funds, 360 ONE PIPE, ValueQuest, and Ashoka India Equity Trust. The new shares rank equally with existing shares. Paid-up equity capital rises from Rs 69.26 crore to Rs 75.24 crore.
Likely market impact
About 8 percent equity dilution. Capital raised at premium from reputed funds signals confidence, but increased share supply may weigh on short-term price.