EMKAYNSEEmkay Global Financial Services Limited· FinanceMediumNeutral
Announced Fri, 10 Jul · 18:18 IST

Emkay Global gets NSE and BSE approval for listing of 1 lakh shares from warrant conversion

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EMKAY · price

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Price reaction · full curve 14 horizons · vs prior close
-4.2%1-day move
₹271.40
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-4.2-3.7-5.5-7.2-10.2-13.0
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AI summary

Emkay Global Financial Services received in-principle approval from NSE and BSE for listing of 1,00,000 equity shares of face value Rs 10 at a premium of Rs 229.50 each, arising from conversion of warrants issued on a preferential basis to promoter Mr. Prakash Kacholia. Trading approval will be granted after depository confirmations and lock-in compliance.

Likely market impact

Minor dilution as 1 lakh promoter-linked shares get listed. Limited float impact since warrants were already issued earlier.