HT Media allots 3.88 crore warrants at INR 24.57 each on preferential basis

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HTMEDIA · price

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

+1.7%Reaction day

₹26.50

prior close

₹26.40

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+1.1% vs market

Media peers, median of 20sector · industry level+0.3%+1.4% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.4 pts more than its Media 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

+0.0

10m

-0.2

15m

+0.1

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.7+0.5+1.1+0.3+1.4

Next day

+4.5+0.8+3.7+0.5+4.0

+1.9+1.0+0.9+0.2+1.7

+1.5+0.6+0.9+0.1+1.4

+1.9+1.2+0.7-0.4+2.3

+1.9+0.9+0.9-0.7+2.6

-0.4+1.6-1.9+0.0-0.4

15d

-9.2+1.9-11.1-0.3-8.9

-8.9+0.8-9.7-0.8-8.1

-10.6-5.7-4.9-5.9-4.6

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UpDownMarket · Nifty Microcap 250Sector · Media peers, median of 20Pending

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

AI summary

HT Media allotted 3,87,87,137 warrants at INR 24.57 per warrant on a preferential basis, total consideration about INR 95.3 crores. The company received 25 percent upfront (INR 23.82 crores) from six allottees, led by promoter Hindustan Times Limited (1.34 crore warrants) and Tremis Consultancy LLP (1.24 crore warrants). Each warrant converts to 1 equity share of INR 2 face value upon payment of the balance 75 percent.

Likely market impact

Potential equity dilution if warrants are exercised; preferential issue to promoter group and associates to raise about INR 95.3 crores.