Announced Thu, 9 Jul · 20:50 IST
Corrigendum to EOGM Notice - Preferential Issue floor price at Rs 1,962.52/share
Board & Shareholder Meetings View source PDF
KMEW · price
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Price reaction · full curve 14 horizons · vs prior close
+6.4%1-day move
₹2266.00
prior close
₹2275.00
base price
After-mkt
timing
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+1.4+0.9+1.2+1.4+6.4+3.5+8.6+6.9+6.3+8.6————
Up moveDown movePending
AI summary
Knowledge Marine has issued a corrigendum to the July 19 EOGM notice after BSE and NSE sought clarifications on the proposed preferential equity issue. The floor price is set at Rs 1,962.52 per share (higher of 90-day VWAP Rs 1,848.55 or 10-day VWAP Rs 1,962.52), with issue price at Rs 1,962.53. Total shares post-issue will rise to 2.53 crore from 2.44 crore. Promoter holding will dilute from 51.55% to 50.30%.
Likely market impact
Preferential issue at about Rs 1,962/share will raise capital but dilute promoter stake by 1.25%. Shareholders vote on July 19.