Warrant conversion plus preferential share allotment approved

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

+2.2%1-day move

₹66.03

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+2.2+6.9+7.5+0.7+1.5+5.6————

Up moveDown movePending

AI summary

Board approved allotment of 33.75 lakh shares at Rs 20 each (Rs 10 premium) on conversion of warrants by promoter group, receiving Rs 5.06 crore. Also allotted 12 lakh shares at Rs 57 each (Rs 47 premium) to 15 non-promoter investors via preferential issue, raising Rs 6.84 crore. Paid-up capital rises from Rs 23.90 crore to Rs 28.47 crore.

Likely market impact

Share count rises 19% via new allotments. Promoter group holding grows through warrant conversion; non-promoter investor base widens.