Announced Thu, 23 Jul · 22:01 IST
Allotment of 36.2 lakh shares on warrant conversion at Rs 222
Corporate Actions View source PDF
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 at Rs 222 each (Rs 212 premium over face value of Rs 10) on conversion of fully convertible warrants, raising about Rs 80.35 crore on a preferential basis. Allottees include promoter Max Ventures Investment Holdings (9.91 lakh shares) and six non-promoter entities. Paid-up capital rose to Rs 56.20 crore comprising 5.62 crore shares. Allotted shares are subject to lock-in as per SEBI ICDR rules.
Likely market impact
Share count rises about 6.4 percent via preferential warrant conversion; dilutive but brings in around Rs 80 crore of capital.