Announced Thu, 9 Jul · 19:03 IST
Preferential allotment of equity shares and convertible warrants approved
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹56.00
prior close
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base price
After-mkt
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AI summary
Board approved preferential allotment of 17,54,384 equity shares at Rs. 57 each to 4 non-promoter investors, raising about Rs. 10 crore. Also allotted 3,94,735 convertible warrants at Rs. 57 each to 5 promoter group entities, with 25 percent upfront payment. Paid-up equity capital rises from Rs. 15.10 crore to Rs. 16.85 crore. Warrants valid 18 months.
Likely market impact
Equity dilution of about 10.4 percent from new shares; warrants add further dilution of 2.3 percent if exercised within 18 months. Capital to fund growth.