Announced Mon, 29 Jun · 19:03 IST
Emrock Corp to issue 14.84 lakh convertible warrants at Rs 290 each
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹269.95
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AI summary
Emrock Corporation's EGM on 27 June 2025 approved raising authorised share capital from Rs 10 cr to Rs 35 cr and issuing 14.84 lakh convertible warrants at Rs 290 each on a preferential basis. Total issue about Rs 43.44 cr to 39 promoter and non-promoter investors. Allottees pay 25 percent upfront and the rest on conversion within 18 months. Resulting equity shares subject to SEBI ICDR lock-in rules.
Likely market impact
Equity dilution possible on conversion within 18 months. Fundraise of about Rs 43 cr may strengthen capital but will increase share count once warrants convert.