Magellanic Cloud board approves about Rs 492 crore preferential issue of shares and warrants

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Price reactionminutes from the announcement price · days from the prior close

+6.5%Reaction day

₹27.04

prior close

₹28.40

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+6.8% vs market

Computers - Software & Consulting peers, median of 67sector-0.6%+7.2% vs sector

On the reaction day the stock moved 6.8 pts more than Nifty Microcap 250 and 7.2 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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15m

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Reaction day

+6.5-0.3+6.8-0.6+7.2

Next day

+13.1+0.8+12.3-1.2+14.2

+17.4+0.9+16.5-1.0+18.4

+17.4+1.8+15.6-0.5+17.9

+17.2+1.5+15.8-0.2+17.5

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15d

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-1.3+6.4-7.6+0.1-1.4

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UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 67Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved preferential issue of 3.74 crore equity shares at Rs 30 each (about Rs 112 crore) to non-promoters and 12.67 crore convertible warrants at Rs 30 each (about Rs 380 crore). Total planned raise about Rs 492 crore from 42 allottees. Warrants convertible within 18 months with 25 percent upfront payment. Also approved merger of wholly-owned subsidiary IVIS International, no share dilution. NRI and OCI investment limit to rise from 10 percent to 24 percent. EGM on July 24, subject to shareholder approval.

Likely market impact

Large preferential issue may dilute existing shareholders. Rs 492 crore raise could fund growth. Merger adds no new shares. Watch EGM outcome on July 24.