EIFFL allots 19.3 lakh convertible warrants at Rs 245 on preferential basis
EIFFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.0 pts more than Nifty Microcap 250 and 5.0 pts more than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Board allotted 19,30,000 convertible warrants at Rs 245 per warrant, raising up to Rs 47.285 crores on preferential basis. Allottees paid 25 percent upfront. Each warrant converts to 1 equity share of Rs 10 face value at Rs 235 premium, with balance 75 percent due within 18 months. Promoter group got 6,10,500 warrants; rest went to non-promoters and KMPs. No immediate change in paid-up share capital.
Potential equity dilution when warrants convert in 18 months. Fresh capital boost signals growth funding, but watch for share price pressure on conversion.