Promoter group converts warrants into 2.49 crore shares at Rs 585

Warrants ConvertedFund Raising View source PDF Explain this filing

GRANULES · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.9%Reaction day

₹855.00

prior close

₹841.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.8%+1.1% vs market

Pharmaceuticals peers, median of 173sector+1.0%+0.9% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Smallcap 250 and 0.9 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.4

10m

+0.6

15m

+0.8

30m

+1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.9+0.8+1.1+1.0+0.9

Next day

+2.3+2.4-0.0+1.7+0.6

+2.0+2.3-0.3+2.3-0.3

+0.8+2.2-1.4+2.0-1.1

+0.9+3.1-2.2+2.8-1.9

-0.4+1.6-2.0+1.9-2.3

-0.7-0.0-0.7+0.3-1.0

15d

-4.8-1.6-3.2-3.0-1.8

-6.1-2.4-3.7-4.3-1.8

—————

UpDownMarket · Nifty Smallcap 250Sector · Pharmaceuticals peers, median of 173Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Granules India allotted 2.49 crore equity shares (Re 1 face value) to 4 promoter group members upon conversion of warrants at Rs 585 per share. Total consideration: Rs 1,461.5 crores. Paid-up capital rose from Rs 24.78 cr to Rs 27.28 cr. Chigurupati Uma Devi's stake jumped from 3.73% to 12.51%. 17,094 warrants for non-promoters remain outstanding.

Likely market impact

Minor dilution from conversion but promoter stake increase signals insider confidence. Non-promoter warrants still pending conversion.