Motherson allots 10.32 crore shares on CCD conversion at Rs 140.50
MOTHERSON · price
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On the reaction day the stock moved 1.3 pts less than Nifty 100 and 0.1 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Motherson allotted 10.32 crore equity shares on conversion of 1,45,010 CCDs at Rs 140.50 per share (13.83 percent discount to 7-day VWAP). This stems from the September 2024 QIP placement of Rs 1,500 crore 6.50 percent CCDs. Eight CCD holders converted during October 1-7, 2026. New shares rank pari passu with existing ones. Around 4,990 CCDs remain, to be mandatorily converted on September 20, 2027.
Dilution as share count rises about 1 percent; conversion at a discount to VWAP may weigh on near-term sentiment.