Announced Thu, 17 Sept · 17:45 IST
Allotment of 70 Lakh Convertible Warrants to Promoter Group Entity
INDSWFTLAB · 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
+1.1%1-day move
₹377.70
prior close
₹377.55
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.4+1.1+1.6+0.6+1.1—————————
Up moveDown movePending
AI summary
Ind-Swift Laboratories has allotted 70 lakh fully convertible warrants to Essix Biosciences Ltd, a promoter group entity, at Rs. 196 per warrant (including a premium of Rs. 186). The company received 25% upfront payment of Rs. 49 per warrant, aggregating Rs. 34.30 crore. Shareholders approved this on 5th August, 2026, and BSE and NSE gave in-principle approval on 16th September, 2026.
Likely market impact
Promoter group infusing Rs. 34.30 crore via warrants, shows confidence. Potential equity dilution if warrants convert later.