Announced Tue, 30 Jun · 16:02 IST
7,200 warrants converted to equity shares at Rs 18 each
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.5%1-day move
₹14.38
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+3.5+6.7+4.9+4.2-1.6+4.3+21.3———
Up moveDown movePending
AI summary
The Board approved conversion of 7,200 convertible warrants into 7,200 equity shares at Rs 18 per share (face value Rs 10, premium of Rs 8). Shares allotted to non-promoter Labdhi Shah, who held 2,77,500 warrants and exercised 7,200, paying Rs 97,200 total. She still holds 2,70,300 warrants pending future conversion.
Likely market impact
Small dilution from warrant conversion; only 7,200 new shares issued, limited impact on shareholding pattern.