Announced Fri, 24 Jul · 21:50 IST
NITCO: Promoter converts remaining warrants into equity shares
NITCO · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹104.96
prior close
₹106.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.5-0.3-0.4——————————
Up moveDown movePending
AI summary
NITCO allotted 55.06 lakh equity shares to promoter Mr. Vivek Talwar on conversion of remaining convertible warrants at Rs. 92.25 per share. He paid Rs. 38.09 crore as the 75 percent balance subscription. His stake rises from 11.53 percent to 13.15 percent. This completes the conversion of all 2.34 crore warrants issued in January 2025.
Likely market impact
Conversion increases total share count; promoter stake moves up from 11.53 percent to 13.15 percent.