Warrants lapse and upfront payment forfeited
FMNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250, 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.
Future Market Networks Limited has informed the stock exchange that certain warrants issued by the company have lapsed and the upfront payment received against these warrants has been forfeited. Warrants typically lapse when holders fail to exercise them within the given time, leading to loss of the amount already paid.
Negative for warrant holders as they lose the upfront amount paid. No direct dilution or capital impact for regular shareholders.