Announced Wed, 17 Jun · 19:17 IST
RLF board approves converting promoter loans of 1.37 cr into equity
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
+5.5%1-day move
₹9.70
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+5.5+8.5+8.9+10.0+12.7+1.5-4.1-11.2——
Up moveDown movePending
AI summary
RLF board approved converting unsecured promoter loans of up to 1.365 crore from MD Aditya Khanna and Director Ashish Khanna into 13 lakh equity shares at 10.50 each. Promoter group stake will rise from 34.68% to 42.44%. No cash involved; related party transaction. New Articles of Association adopted. Subject to shareholder and regulatory approvals; EGM to follow.
Likely market impact
Debt-to-equity conversion strengthens balance sheet but dilutes non-promoter shareholders. No change in management or control.