Announced Fri, 10 Jul · 14:40 IST
Postal Ballot Result: QIP Fund Raising Approved
Compliance View source PDF
GUJTHEM · price
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Price reaction · full curve 14 horizons · vs prior close
+2.7%1-day move
₹373.00
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
Gujarat Themis Biosyn shareholders approved a Special Resolution to raise funds by issuing Equity Shares through Qualified Institutions Placement (QIP). Out of 10.90 crore total shares, 7.95 crore (72.96%) were polled, with 99.98% voting in favour and just 18,941 votes against. Promoters voted 100% in favour of the proposal.
Likely market impact
Board now authorised to raise capital via QIP. Depending on issue size and price, this may lead to dilution for existing shareholders.