Announced Fri, 28 Aug · 14:48 IST
Kalind board approves up to Rs 316 cr preferential warrants issue
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
+9.8%1-day move
₹3.99
prior close
₹4.18
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+9.8+15.0+15.0+20.6+24.8+37.3+12.8———
Up moveDown movePending
AI summary
Kalind board approved issue of up to 27.48 crore convertible warrants at Rs 11.50 each on preferential basis, raising up to Rs 316.02 crore. Convertible to equity within 18 months. Allottees: V9BIZ and AREEN Energy Solutions LLPs (13.74 crore warrants each). Promoter holding drops from 13.56% to 10.43% post conversion. Also re-appointed statutory auditor for 5 years.
Likely market impact
Equity dilution risk; promoter stake falls to 10.43% on conversion. Fundraising may strengthen balance sheet but adds shares.