NITCO allots 65 lakh shares on warrant conversion to promoter

Warrants ConvertedQip At PremiumFund Raising View source PDF

NITCO · price

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Price reaction · full curve 14 horizons · vs prior close

+4.2%1-day move

₹103.59

prior close

₹101.93

base price

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AI summary

NITCO allotted 65,04,065 equity shares to promoter and Chairman Vivek Talwar on conversion of warrants at Rs. 92.25 per share (Rs. 10 face value plus Rs. 82.25 premium). Promoter paid Rs. 4.5 crore as the remaining 75% amount. His stake rose from 8.82% to 11.53%. 55,05,935 warrants remain pending conversion by July 26, 2026. This is part of the 2,34,10,000 warrants issued in January 2025.

Likely market impact

Promoter confidence shown through fresh capital infusion. Minor dilution for existing shareholders but signals insider commitment to the company.