Promoters increase stake in Modern Dairies via warrant conversion

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

-2.7%Reaction day

₹38.20

prior close

₹38.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-2.5% vs market

Dairy Products peers, median of 11sector-0.6%-2.2% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.2 pts less 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

+0.0

10m

+0.0

15m

-0.8

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.7-0.2-2.5-0.6-2.2

Next day

-1.9+0.1-2.0-1.6-0.3

-4.8+0.4-5.2-1.0-3.8

-5.2-0.6-4.6-1.7-3.6

-8.4-1.2-7.2-1.1-7.2

-5.8-0.6-5.3+0.2-6.0

-6.2+0.5-6.7+0.1-6.3

15d

+33.6-0.2+33.9-0.7+34.4

+22.4-1.5+23.8-0.0+22.4

+10.9-8.0+18.9-5.5+16.4

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UpDownMarket · Nifty Microcap 250Sector · Dairy Products peers, median of 11Pending

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

AI summary

The promoter group of Modern Dairies Limited comprising Krishan Kumar Goyal, Alka Goyal, and Mala Builders Private Limited acquired 16 lakh equity shares through conversion of warrants allotted under a preferential allotment. Combined promoter holding rose from 29.65 percent to 33.40 percent of total share capital, taking their diluted voting share to 31.41 percent. Equity share capital of the company increased to about Rs 30 crore as a result.

Likely market impact

Promoter confidence rises as their stake increased to 33.40 percent via warrant conversion, slightly diluting non-promoter shareholding.