Announced Sat, 11 Apr · 16:40 IST
Kiri Industries Limited has informed the Exchange about Allotment of Equity Shares upon conversion of Warrants
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 has allotted 51,45,446 equity shares to promoters upon conversion of warrants at Rs. 369 per share. The company received Rs. 93.13 crore as balance consideration (49.05% of issue price) from 4 promoter allottees. Promoter shareholding has increased from 36.72% to 41.71%. The paid-up capital now stands at Rs. 65.17 crore. All warrants have been fully converted with no pending conversions remaining.
Likely market impact
Promoter holding increased by nearly 5% to 41.71%, reducing public float. This indicates significant insider confidence and may provide stability but could limit liquidity for retail investors.