Promoter group acquires 1.46 cr shares via warrant conversion in Kamdhenu Ventures
KAMOPAINTS · price
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On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.2 pts more than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kamdhenu Limited, part of the promoter group, acquired 1,46,45,000 equity shares (face value Re. 1) in Kamdhenu Ventures Ltd through conversion of warrants via preferential allotment. The promoter group's aggregate stake rose from 50.33% to 52.54% on voting rights basis, and from 46.00% to 50.24% on a fully diluted basis.
Promoter group crosses 50% on diluted basis, strengthening control. Signals confidence via warrant conversion to equity.