Announced Wed, 15 Jul · 14:07 IST
Board approves up to 8.7 million convertible warrants at Rs 115 each
Fund Raising View source PDF
SAMBHV · price
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AI summary
Sambhv Steel Tubes board approved raising up to about Rs 100 crore via issue of up to 86,95,400 fully convertible equity warrants on a preferential basis at Rs 115 each (face value Rs 10, premium Rs 105). Allotment to 7 investors including 2 promoters, 1 promoter group entity, and 4 non-promoters. 25 percent payable upfront, 75 percent on conversion within 18 months. EGM scheduled on August 10, 2026.
Likely market impact
Around 3 percent potential dilution on full conversion. Promoter group raises stake via Anjaneya Minerals. Indicates funding need.