Board approves Rs 475 cr warrants issue to promoter group entity
KPIGREEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.4 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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KPI Green Energy's board approved issuing up to 1.01 crore convertible warrants to promoter group entity Quyosh Energia at Rs 470.30 per warrant, totalling about Rs 475 crores. Each warrant converts to one equity share over 18 months. 25 percent is payable upfront and 75 percent on conversion. Post-conversion, the investor's stake will be about 4.87 percent. Shareholders' approval will be sought at an EGM on January 16, 2026.
Promoter group infusing about Rs 475 crores signals confidence; existing shareholders may face dilution of about 4.87 percent upon full conversion.