Announced Mon, 29 Jun · 18:00 IST
Shares allotted to U R Energy shareholders under amalgamation scheme
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
+7.9%1-day move
₹190.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+7.9+6.9+3.7+5.3+6.3+3.7-1.5———
Up moveDown movePending
AI summary
Jhaveri Credits and Capital has allotted 16,16,088 equity shares (face value Rs 10) to shareholders of U R Energy Private Limited under a scheme of amalgamation approved by NCLT Ahmedabad. Share exchange ratio is 253:500. Paid-up capital rose from Rs 9.49 crore to Rs 11.10 crore, taking total shares to 1,11,02,024. New shares will rank equally with existing ones and are proposed to be listed on BSE.
Likely market impact
Dilution for existing shareholders as equity base grows by about 17%. Amalgamation expands business via U R Energy integration.