Announced Tue, 14 Jul · 20:01 IST
Preferential issue, warrants, MoA shift to FinTech, new directors and subsidiary loan
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+1.5%1-day move
₹68.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.5+0.3+1.5-0.0-5.9-0.2————
Up moveDown movePending
AI summary
Rose Merc board approved a preferential issue of 3 lakh equity shares at Rs 90 each to Zclus (India) and 6.06 lakh convertible warrants at Rs 90 each to 10 non-promoter investors. Also altered MoA to add fintech and payment aggregator business, appointed new Executive Director for FinTech segment and an Independent Director, extended Rs 10 crore loan to subsidiary, and granted 3.5 lakh ESOPs to a senior VP.
Likely market impact
Dilution risk from new shares and warrants. Business pivot toward FinTech and payments. Rs 10 Cr loan to subsidiary. All subject to shareholder approval via postal ballot.