Announced Fri, 18 Sept · 12:18 IST
Board approves Rs 300 crore preferential issue to SBI Mutual Fund
ROSSTECH · price
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Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹1357.90
prior close
₹1449.10
base price
In-mkt
timing
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-2.2-3.5-4.4-4.1-0.3—————————
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AI summary
Rossell Techsys board approved issuing 25,72,898 equity shares at Rs 1,166 each to SBI Mutual Fund and SBI Optimal Equity Fund via preferential route, raising about Rs 300 crore. SBI MF will hold 5.75% and SBI Optimal Equity Fund 0.64% post-issue, totaling 6.39%. EGM set for October 15, 2026 for shareholder approval.
Likely market impact
About 6.39% dilution for existing shareholders. SBI Mutual Fund as investor is a positive credibility signal. Subject to shareholder approval.