Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
MFS Intercorp has allotted 60,00,000 convertible warrants at Rs. 15 each on a preferential basis to four non-promoter allottees. The company has already received 25% of the issue price (Rs. 3.75 per warrant), totalling Rs. 2.25 crore, as the warrant subscription amount. The allotment was approved by the Preferential Issue Committee on 12 March 2026, following shareholder approval on 1 March 2026 and BSE in-principle approval on 19 February 2026. Each allottee is an individual non-promoter, with Bhut Yash Lalitkumar, Narnavre Rutik, and Panchal Jainil receiving 16 lakh warrants each, and Ms. Bhalani Grishma receiving 12 lakh warrants. The remaining 75% will be payable if and when the warrant holders choose to convert them into equity shares.
This is a small dilutive capital raise of about Rs. 2.25 crore upfront (up to Rs. 9 crore if fully converted) from non-promoter individuals. Shareholders should expect potential equity dilution if the warrants are later exercised, though the immediate impact on shareholding is limited since only the subscription money has been received.