Announced Sat, 20 Jun · 17:57 IST
BSE approves listing of 27 crore preferential equity shares
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Price
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Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹459.10
prior close
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base price
After-mkt
timing
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————+10.2+15.7—+10.0+19.5+19.2—+34.8——
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AI summary
BSE approved listing of 27.04 crore equity shares allotted on a preferential basis. Of these, 40 lakh shares were issued to the promoter for cash at Rs. 10 par value, and 26.64 crore shares were issued to promoters and non-promoters through a share swap. The total share count will expand sharply from around 1.5 lakh to about 27.05 crore shares, resulting in heavy dilution for existing shareholders.
Likely market impact
Existing shareholders face massive dilution as share count rises around 1,800 times due to the share swap. Expect notable post-listing price pressure.