Announced Fri, 4 Sept · 16:51 IST
Board approves preferential warrants issue at Rs 14, to raise Rs 4.2 crore
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-5.0%1-day move
₹65.23
prior close
₹65.23
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-5.0-0.3-0.3-4.8-9.5-9.5————
Up moveDown movePending
AI summary
GDL Leasing board approved issuing up to 30 lakh warrants convertible into equity at Rs 14 each to non-promoters, raising about Rs 4.2 crore. Allottees: Shalini Jain (12.5 lakh), SRR Tech Consilium (11 lakh), Chirag Jain (5 lakh), Jay Singh Bardia (1.5 lakh). Warrants have 18-month tenor. Also raised authorized capital from Rs 5.5 cr to Rs 8.5 cr and appointed Mr. Pankaj Bansal as Independent Director. AGM on Sept 30.
Likely market impact
Warrants convertible in 18 months could dilute equity by about 37% on full conversion. Needs shareholder nod at AGM on Sept 30.