Announced Thu, 18 Jun · 16:04 IST
Board forfeits 15 lakh convertible warrants
Fund Raising View source PDF
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
-2.5%1-day move
₹107.95
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.5-5.5-3.3-3.6-4.6-6.3-7.2-6.6——
Up moveDown movePending
AI summary
Lactose India board approved forfeiture of 15 lakh convertible warrants previously allotted on a preferential basis. Allottees failed to meet conversion requirements, leading to forfeiture of the warrants and loss of the potential capital infusion the company had planned to raise through this route.
Likely market impact
Negative for shareholders - allottees did not convert, indicating weak subscription and loss of expected capital raise for the company.