Announced Sat, 29 Aug · 19:20 IST
Acquisition via share swap, auditor and director resignations
Multiple Ind Directors ResignedAuditor Resigned MidtermManagement Changes View source PDFExplain this filing
Price
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Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹10.12
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.2+15.6+21.3+27.4+33.7+47.3————
Up moveDown movePending
AI summary
Board approved acquiring 100 percent of Blisstering Electronics and Bliss Cab Electronics via share swap worth about Rs. 79.45 crore. Up to 5.67 crore new shares will be issued at Rs. 14 each to 68 investors, diluting existing shareholders to about 10.24 percent. Authorized capital raised from Rs. 7.5 crore to Rs. 64 crore. Both auditors and two independent directors resigned, new replacements appointed.
Likely market impact
Massive dilution to about 10 percent for existing shareholders. New investor group will hold about 89.76 percent post-issue.