Clarifies proposed preferential issue allottees
KMEW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 0.6 pts less than its Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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In response to an NSE query, the company said six non-promoter investors are proposed to receive 1,421,054 equity shares in the preferential issue. Infinity Direct Holdings would get 464,210 shares, Infinity Direct Capital 546,316 and Infinity Partners II - Direct 252,632; three other investors would get 52,632 each. Promoter Sujay Kewalramani is proposed to get 77,946 convertible warrants, assuming full conversion within the permitted period.
No issue price, discount or premium is disclosed, so shareholders cannot assess the cost or likely effect on their existing holdings from this update.