Announced Tue, 11 Aug · 19:36 IST
Promoter to Get Convertible Warrants Worth Up to Rs 18.51 Cr via Preferential Issue
NECCLTD · 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
+3.4%1-day move
₹14.51
prior close
₹14.97
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.1-0.1-0.1+3.4+4.4+3.4+0.6+0.5+9.0+16.5+31.6——
Up moveDown movePending
AI summary
NECCLTD proposes to issue up to 1 crore convertible warrants to promoter Sunil Kumar Jain on a preferential basis, subject to shareholder approval. Each warrant converts into one equity share of Rs 10 face value at Rs 18.51 per share (Rs 8.51 premium), totaling up to Rs 18.51 crores. Warrants can be issued for cash or set off against the promoter's outstanding unsecured loan. Conversion must happen within 18 months, or paid amount is forfeited.
Likely market impact
Potential dilution if warrants convert, but promoter backing signals confidence. Loan set-off option improves promoter stake without immediate cash drain.