Allotment of 40.74 lakh convertible warrants to promoters at Rs 27
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.7 pts more than Nifty Microcap 250 and 8.0 pts more than its Tea & Coffee peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The committee allotted 4,074,075 convertible warrants to five promoter and promoter-group entities at Rs 27 each, against a face value of Rs 5, including a Rs 22 premium. The company received 25 percent of the price. Each warrant converts into one equity share within 18 months on payment of the balance 75 percent. Paid-up equity capital is unchanged for now.
Promoter funding can support the company, but full conversion would dilute existing shareholders. Unexercised warrants will lapse and the paid amount will be forfeited.