Promoters allotted 40.74 lakh convertible warrants at Rs 27 each
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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 40,74,075 convertible warrants to five promoter and promoter-group entities at Rs 27 each, including a Rs 22 premium over the Rs 5 face value. Each warrant can convert into one equity share within 18 months after paying the remaining 75 percent subscription. Paid-up equity capital remains unchanged until conversion.
If fully converted, 40.74 lakh new shares may be issued and public shareholders' ownership may fall. The company received about Rs 2.75 crore upfront.