Announced Wed, 1 Jul · 22:00 IST
In-principle BSE approval for preferential issue of convertible warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹315.10
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—————+4.0+6.1+8.2+10.4+12.6+26.7———
Up moveDown movePending
AI summary
Sancode Technologies has received BSE in-principle approval to issue 23.25 lakh convertible warrants at Rs 172 each to promoter and non-promoters. Each warrant converts to one equity share of Rs 10 face value. Total potential capital raise is about Rs 40 crore. This is only the in-principle nod from the exchange, not the final allotment. Company must still complete the issue and apply for listing within 20 days of allotment.
Likely market impact
Positive capital raise signal, but warrants will dilute existing shareholders once converted. No immediate share price impact.