Announced Sat, 11 Apr · 16:40 IST
Kiri Industries allots 51.45L shares on warrant conversion to promoters
KIRIINDUS · 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
+4.0%1-day move
₹405.80
prior close
₹396.65
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.5-0.1-0.3-0.4+4.0+4.2+3.2+1.8+2.8+0.7+4.9-2.3-3.2-0.7
Up moveDown movePending
AI summary
Kiri Industries' board approved allotment of 51,45,446 equity shares on conversion of warrants at Rs. 369/share to 4 promoter group members. The company received Rs. 93.13 crore as balance consideration. Post-allotment, promoter holding rose from 36.72% to 41.71%. Paid-up equity capital now stands at Rs. 65.17 crore (6.52 crore shares). No warrants remain pending for conversion.
Likely market impact
Promoter holding rises from 36.72% to 41.71%, signaling increased promoter confidence. Slight dilution for non-promoter shareholders.