Announced Fri, 19 Jun · 20:35 IST
Board approves preferential share issue and warrants worth Rs 99 Crore
Corporate Actions View source PDF
EIFFL · price
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Price reaction · full curve 14 horizons · vs prior close
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AI summary
Euro India Fresh Foods board approved increasing authorised capital from Rs 25 Crore to Rs 30 Crore. It will issue 21.10 lakh equity shares to 82 non-promoter allottees at Rs 245 per share, raising up to Rs 51.69 Crore. It will also issue 19.30 lakh convertible warrants to promoter and non-promoter groups at Rs 245 each, raising up to Rs 47.28 Crore. Total potential raise is about Rs 99 Crore. An EGM is scheduled for July 17, 2026.
Likely market impact
Dilution for existing shareholders; raise of about Rs 99 Crore at a premium to face value of Rs 10.