Announced Thu, 9 Jul · 16:23 IST
Kizi Apparels board approves 18th tranche of warrant conversion worth Rs 6.32 lakh
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Kizi Apparels board approved receipt of Rs 6.32 lakh as 18th tranche consideration for convertible warrants allotted on preferential basis to promoter group and public. Warrants priced at Rs 15.50 each (face value Rs 10, premium Rs 5.50). Allotment to Mr Umang Kamlesh Vora and Mr Paresh J Patel.
Likely market impact
Minor capital infusion through warrant conversion. Small tranche size suggests gradual equity dilution to promoter group and select investors.