Announced Tue, 16 Jun · 13:51 IST
Dev Accelerator allots warrants to promoters, shares to Infibeam entity
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
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5+0.3+0.1-0.2-0.2-0.5-1.2-0.1-0.8-2.1-5.3-5.7——
Up moveDown movePending
AI summary
Dev Accelerator allotted 33.33 lakh convertible warrants to 3 promoters at Rs. 45 each (total ~Rs. 15 cr; 25% paid upfront, balance in 18 months). Also allotted 44.44 lakh equity shares to Infibeam Projects Management at Rs. 45 (~Rs. 20 cr), giving it a 4.70% stake. Board appointed Grant Thornton Bharat as Internal Auditor and Murtuza Mandorwala & Associates as Secretarial Auditor for 5 years.
Likely market impact
Fund raise of ~Rs. 35 cr via preferential issue; promoter warrants may dilute equity on conversion; paid-up capital rises to ~Rs. 18.93 cr.