Announced Mon, 29 Jun · 16:49 IST
Warrants Converted Into Equity Shares; 3.29 Crore Shares Allotted
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
-1.2%1-day move
₹1.61
prior close
₹1.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-5.6———-1.2+2.5+1.2-3.1-1.2-4.3-7.5———
Up moveDown movePending
AI summary
Gemstone Investments board approved converting 3,28,80,000 convertible warrants into equity shares at Rs 2.50 per share (face value Rs 1, premium Rs 1.50), aggregating about Rs 6.16 crore. Shares were allotted on a preferential basis to four non-promoter individuals at a 1:1 ratio. No warrants remain pending conversion after this allotment.
Likely market impact
Share base expands by 3.29 crore shares; dilution of existing holders as equity capital rises by about Rs 6.16 crore via preferential allotment.