Onida discloses valuation report and revised shareholding for warrant conversion

Warrants ConvertedFund Raising View source PDF Explain this filing

ONIDA · price

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Price reactionminutes from the announcement price · days from the prior close

-0.7%Reaction day

₹42.80

prior close

₹42.69

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.0%+1.3% vs market

On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.3

10m

-0.3

15m

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30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-0.7-2.0+1.3

Next day

+0.4-0.1+0.6

-1.9+1.2-3.1

-5.2+1.4-6.6

-8.4+0.4-8.8

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15d

-12.3-0.6-11.7

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-18.8+6.0-24.9

-30.7+1.1-31.8

UpDownMarket · Nifty Microcap 250Pending

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AI summary

Onida Electronics obtained a valuation report from a registered valuer for converting Convertible Equity Share Warrants into equity shares. The company also revised its post-issue shareholding pattern to include 3.10 crore ESOPs that were missed earlier. Post-issue, total shares will rise from 36.94 crore to 41.92 crore, with promoter holding dipping from 40.51% to 35.70%. 13 allottees including individuals, LLPs, and a foreign fund (Resonance Opportunities Fund) will receive shares. There will be no change in control or board composition.

Likely market impact

Share dilution from warrant conversion plus ESOP inclusion; no change in control. Promoter stake falls to 35.70%.