Board approves Rs 50 crore authorised capital and Rs 900 crore equity plan
RPTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 14.4 pts less than its Computers Hardware & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board approved raising authorised capital from Rs 35 crore to Rs 50 crore, lifting authorised equity shares from 7 crore to 10 crore of Rs 5 each. It also proposed raising up to Rs 900 crore through an institutional placement, preferential issue or another permitted route, subject to shareholder approval. It separately approved a secondary sale of 26% in Rashi Semiconductor Solutions.
Existing shareholders may face dilution; pricing and use of funds are not yet final. Shareholder approval is pending.