Announced Thu, 6 Aug · 21:28 IST
Rollatainers to issue convertible warrants worth Rs 80 Cr on preferential basis
ROLLT · price
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Price reaction · full curve 14 horizons · vs prior close
+1.7%1-day move
₹2.97
prior close
₹3.11
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+1.7+4.4+6.1+4.4+1.7+4.7+42.1+54.2——
Up moveDown movePending
AI summary
Rollatainers issued a corrigendum to its August 5 board outcome. The company plans to issue up to 35.87 crore convertible equity warrants at Rs. 2.23 each, aggregating Rs. 80 crores. Allotment on preferential basis to 17 allottees, including promoter and non-promoter entities. Amzen Financial Services will hold 16.20 percent post-issue, Birbal Advisory 11.93 percent. Warrants convertible into equity within 18 months, subject to shareholder approval.
Likely market impact
Preferential warrant issue at Rs. 2.23 will dilute existing shareholders; promoter group entities gaining dominant stake post full conversion.