Conversion of 3.39 crore warrants into equity shares

Warrants ConvertedFund Raising View source PDF

Price

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▲ 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

-0.7%1-day move

₹15.89

prior close

₹16.20

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0+0.0-0.7-1.9-5.9-11.4-15.7-12.3-5.6-4.7——

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AI summary

Modulex Construction Technologies Ltd converted 3,38,88,610 convertible warrants into equity shares of ₹10 face value at ₹18/share (₹8 premium), aggregating ₹45.75 crore. Shares were allotted to 19 non-promoter allottees, with full subscription amount already received. No warrants remain pending conversion.

Likely market impact

Share count rises by 3.39 crore, causing dilution, but ₹45.75 crore capital is already received, strengthening the balance sheet.