Promoters Convert Warrants Worth Rs 43 Crore Into Equity Shares

Promoter Stake BuyOwnership Changes View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+20.1%Reaction day

₹35.71

prior close

₹37.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+19.9% vs market

Dairy Products peers, median of 12sector-0.2%+20.3% vs sector

On the reaction day the stock moved 19.9 pts more than Nifty Microcap 250 and 20.3 pts more than its Dairy Products 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

Stock

+1.4

10m

+1.4

15m

+1.4

30m

-2.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+20.1+0.1+19.9-0.2+20.3

Next day

+35.8-3.2+38.9-0.4+36.1

+33.9-3.3+37.2-0.0+33.9

+28.0-2.5+30.5-1.7+29.7

+43.0-0.9+43.9+0.2+42.8

+35.5-1.1+36.6+1.3+34.2

+32.5+0.6+31.8+1.0+31.4

15d

+50.7-1.4+52.1-1.0+51.7

+39.4-3.3+42.7-3.6+43.0

—————

UpDownMarket · Nifty Microcap 250Sector · Dairy Products peers, median of 12Pending

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

AI summary

Promoter Group of Modern Dairies converted 86 lakh fully convertible warrants into equity shares worth Rs 43 crore. Each share has face value Rs 10 with Rs 40 premium. Paid-up equity capital increased from Rs 23.32 crore to Rs 31.92 crore. Promoter holding now stands at 60.34% with 1.92 crore shares. Premium of Rs 34.4 crore transferred to reserves.

Likely market impact

Capital base strengthened, promoter stake rises to 60.34% showing confidence, but non-promoter shareholding gets diluted.