Announced Fri, 3 Apr · 17:32 IST
Board approves 3 lakh warrants to promoters at Rs 408 each (Rs 12.24 Cr)
Fund Raising View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+25.4%1-day move
₹338.20
prior close
₹340.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+8.3+7.0+4.4+7.9+25.4+20.6+21.8+20.6+18.9+18.9+29.2+47.0+28.0+40.2
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AI summary
Eco Recycling's Board approved issuing up to 3,00,000 convertible warrants at Rs. 408 each (Rs. 398 premium over face value of Rs. 10), aggregating Rs. 12.24 Crore, to promoter group — Mr. Brijkishor Soni, Mrs. Aruna Soni, and Ecoreco Ventures — on a preferential basis. Each warrant is convertible into one equity share over 18 months. Issue price implies a post-allotment promoter holding of about 72.54%. Subject to shareholder approval via postal ballot and BSE in-principle approval.
Likely market impact
Promoter confidence signal via fresh capital infusion; minor dilution for non-promoters; pending shareholder and BSE approvals.