Announced Tue, 16 Jun · 13:51 IST
Allotment of equity shares and convertible warrants via preferential issue
Fund Raising View source PDF
DEVX · price
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Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹36.37
prior close
₹36.57
base price
In-mkt
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AI summary
Dev Accelerator allotted 44,44,440 equity shares to Infibeam Projects Management Pvt Ltd (non-promoter) at Rs. 45/share (~Rs. 20 crore) and 33,33,330 convertible warrants to promoters at Rs. 45 each (~Rs. 15 crore, 25% upfront, balance within 18 months). Post-allotment equity capital rose to Rs. 18.92 crore (9.46 crore shares). Also appointed Grant Thornton Bharat LLP as Internal Auditor for FY26-27 and Murtuza Mandorwala & Associates as Secretarial Auditor for 5 years.
Likely market impact
Raises ~Rs. 35 crore via preferential issue; 4.7% dilution from Infibeam shares and potential further dilution if promoter warrants are exercised.