Announced Wed, 17 Jun · 12:05 IST
BSE approves issue of 81.55 lakh convertible warrants on preferential basis
Fund Raising View source PDF
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
+0.0%1-day move
₹409.00
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.0-1.0-1.0-1.2+2.7+0.5—+0.2——
Up moveDown movePending
AI summary
Jattashankar Industries has received BSE in-principle approval to issue 81,55,000 convertible warrants on a preferential basis. Each warrant is convertible into one equity share of Rs 10 face value, priced at not less than Rs 92 per share. Warrants will be allotted to promoters and non-promoters. This is only an initial approval; actual allotment and listing will follow separately subject to SEBI ICDR rules.
Likely market impact
Potential equity dilution once warrants are exercised. Minimum fresh capital inflow of about Rs 75 crore expected if all warrants are converted.