Announced Tue, 7 Apr · 21:29 IST
Pakka board approves Rs 130 cr preferential issue to promoter and AIFs
Board & Shareholder Meetings View source PDF
PAKKA · price
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Price reaction · full curve 14 horizons · vs prior close
+0.2%1-day move
₹91.62
prior close
₹99.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-4.3-6.1-6.4-6.1+0.2+7.0+9.1+9.1+9.6+7.0+4.2+4.5-12.6-20.2
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AI summary
Pakka Limited's board approved a preferential issue raising up to Rs 129.91 crore. This includes 27.2 lakh equity shares at Rs 110 each (Rs 29.92 crore) to Neo Special Credit Opportunities Fund schemes (non-promoter AIFs managed by Neo Alternative Asset Managers), and 90.9 lakh convertible warrants at Rs 110 each (Rs 99.99 crore) to promoter group entity Yash Agro Products Ltd, convertible within 18 months. EGM scheduled for May 5, 2026 to seek shareholder approval.
Likely market impact
Dilutive; promoter Yash Agro stake rises from 2.16% to 17.72% on full warrant conversion. Neo AIFs to hold 4.79% post-allotment.