Announced Tue, 8 Sept · 13:25 IST
Allotment of 47.5 lakh shares on warrant conversion at Rs. 14 each
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
+10.1%1-day move
₹8.78
prior close
₹9.21
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.1—+19.6+19.6——————
Up moveDown movePending
AI summary
The Board approved allotment of 47,49,999 equity shares upon conversion of share warrants at Rs. 14 each, including Rs. 4 premium, to non-promoters on preferential basis. The company received Rs. 4.99 crore as balance amount from allottees. Post-allotment paid-up equity capital stands at Rs. 18.03 crore, divided into 1.80 crore shares of Rs. 10 each. New shares rank equally with existing shares. All warrants now stand converted with none pending.
Likely market impact
About Rs. 4.99 crore fresh capital received. 47.5 lakh new shares issued. All warrants now converted, removing further dilution overhang from this issue.