Announced Fri, 10 Jul · 16:51 IST
Board approves fund raise via warrants, raises authorised capital
Corporate Actions View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹31.83
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—————+15.7+21.5+27.6+34.0+32.2————
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AI summary
Kinetic Trust Ltd board approved raising up to Rs 6.6 Crore through issue of 60 lakh convertible warrants at Rs 11 each on a preferential basis to 10 non-promoter allottees, each receiving 6 lakh warrants (6.41% post-issue stake). Authorised share capital to be raised from Rs 5.5 Crore to Rs 10 Crore. 34th AGM date was also fixed. All proposals need shareholder approval.
Likely market impact
Massive dilution risk: warrants equal about 64 percent of post-issue capital on full conversion, significantly reducing existing shareholders stake.