Announced Mon, 22 Jun · 19:24 IST
Board approves 60 crore preferential warrant issue, appoints 2 Executive Directors
Fund Raising View source PDF
LIKHITHA · price
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Price reaction · full curve 14 horizons · vs prior close
+3.7%1-day move
₹255.37
prior close
₹260.00
base price
After-mkt
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+3.1+2.8+0.0+0.0+3.7+1.8+5.9+4.9+4.3+2.8-5.6-9.5——
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AI summary
Likhitha Infrastructure board approved issuing up to 25 lakh convertible warrants at Rs 240 each, raising about Rs 60 crore via preferential private placement to 21 allottees including promoters. Each warrant converts to 1 equity share; 25 percent upfront, balance within 18 months. Post-allotment dilution around 5.96 percent. Board also appointed Lohitha Gaddipati (promoter daughter) and Chandra Dheerajram (son-in-law) as Executive Directors for 5 years.
Likely market impact
60 crore fundraise may dilute existing shareholders by about 6 percent; promoter family expands board control. Watch stock for dilution effect.