Exchanges clear preferential issue of 6.38 crore convertible warrants

Warrants convertedFund Raising View source PDF Explain this filing

RELIGARE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.1%Reaction day

₹256.10

prior close

₹257.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.7%+2.7% vs market

Investment Company peers, median of 60sector-0.6%+2.7% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 2.7 pts more than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.9

10m

-1.9

15m

-1.4

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.1-0.7+2.7-0.6+2.7

Next day

-1.5-0.7-0.8-0.8-0.7

-2.4-0.2-2.1-0.1-2.3

-0.8-0.1-0.8+0.0-0.8

+0.4+0.4-0.0+0.2+0.2

-0.9+0.3-1.1-0.1-0.7

-1.4+1.0-2.4+0.9-2.3

15d

+0.5-0.2+0.7-1.0+1.6

-2.3-1.2-1.2-1.7-0.6

+2.5+0.6+1.9-3.7+6.2

-8.1-4.3-3.9-7.0-1.2

UpDownMarket · Nifty Microcap 250Sector · Investment Company peers, median of 60Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Religare Enterprises received preliminary approval from NSE and BSE to issue 6,38,29,782 warrants at Rs 235 each, convertible into an equal number of Rs 10 equity shares. The preferential issue to promoters and non-promoters is worth about Rs 1,500 crore and was approved by shareholders on August 8, 2025.

Likely market impact

The capital raise may improve funding, while conversion will dilute existing shareholders. Final approvals, allotment and listing remain pending.