Announced Fri, 24 Jul · 21:59 IST
Board approves Rs 93.15 cr convertible warrants preferential issue
Fund Raising View source PDF
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Board approved preferential issue of up to 6.21 crore convertible equity warrants at Rs 15 each (face value Rs 1, premium Rs 14) to 53 investors, raising up to Rs 93.15 crore. 25 percent upfront, 75 percent on conversion within 18 months. Also regularized two independent directors and adopted updated MOA and AOA. EGM scheduled for August 20, 2026.
Likely market impact
Potential dilution of up to 6.21 crore shares if all warrants convert. Existing shareholders may see their stake reduced.