Announced Mon, 29 Jun · 16:45 IST
Warrants Converted to Equity Shares by 4 Non-Promoter Investors
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
Board approved conversion of 3,28,80,000 convertible warrants into equal equity shares at Rs 2.50 each (face value Rs 1, premium Rs 1.50), totaling Rs 6.165 crore. Allotted to 4 non-promoter allottees including Chintan Patel, Sejal Patel, Shyamalkumar Patel, and Falguni Shah. All warrants fully converted, none pending.
Likely market impact
Equity dilution as 3.29 crore new shares added to capital base; fresh capital of Rs 6.165 crore received from non-promoter investors.