Kapil Raj Finance to acquire 90% of Henyo Pack via share swap; name change proposed
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 5.3 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kapil Raj Finance board approved acquiring 90% stake in Henyo Pack Limited (packaging, FY25 turnover Rs. 46.73 Cr) via 100:1 share swap. Will issue up to 26.54 Cr shares at Rs. 2.24 to Henyo shareholders (worth Rs. 59.47 Cr). Also plans 66.98 lakh shares to public at same price, name change to Henyo Systems Limited, and authorised capital hike to Rs. 46 Cr. New investors will hold 69.57% post-issue.
Major shift from finance to packaging; massive dilution as acquirers take 69.57% control. Name change signals rebrand.