With reference to the captioned subject and in terms of the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we ....
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Awaiting price reaction for this filing.
The board of Fundviser Capital (India) approved the allotment of 7,62,500 equity shares at Rs. 58.25 each (face value Rs. 10 + premium Rs. 48.25) to promoter/promoter group entities upon conversion of the second tranche of convertible warrants originally issued on 31 March 2024 on a preferential basis. The company received approximately Rs. 3.33 crore from the warrant holders. As a result, the paid-up equity share capital rose from Rs. 5.15 crore (51,52,500 shares) to Rs. 5.91 crore (59,15,000 shares). All three allottees — Mohit Jain HUF, Moksh Finvest & Advisors LLP, and Malika Jain — belong to the promoter/promoter group.
This is a routine capital event where promoter-group warrants are being converted into actual equity shares. No new external money or dilution beyond promoter holdings is involved, so there is no negative dilution impact on outside shareholders. The stock price is unlikely to see a major reaction since this is a pre-disclosed preferential issue moving to its completion stage.