Announced Thu, 23 Jul · 21:58 IST
Allotment of 36.19 lakh shares on warrant conversion at Rs 222 per share
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MAXIND · price
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Price reaction · full curve 14 horizons · vs prior close
+12.2%1-day move
₹165.30
prior close
₹178.50
base price
After-mkt
timing
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+2.9+2.1+2.8+0.5+12.2—————————
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AI summary
Max India allotted 36,19,594 equity shares (Rs 10 face value) on conversion of fully convertible warrants at Rs 222 per share, raising about Rs 80.35 crore on a preferential basis. Promoter Max Ventures Investment Holdings got 9.91 lakh shares. Non-promoters including Singularity Equity Fund I (22.53 lakh shares) received the balance. Paid-up share capital rises to Rs 56.20 crore (5.62 crore shares). Lock-in restrictions apply per SEBI ICDR rules.
Likely market impact
Equity dilution of around 6.4 percent. Promoter stake maintained. Allotted shares are under lock-in, limiting near-term supply.