Sancode Tech allots 22.75 lakh shares on warrant conversion

Warrants ConvertedFund Raising View source PDF

Price

Loading chart…

▲ 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

+4.0%1-day move

₹407.25

prior close

—

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+4.0—————————

Up moveDown movePending

AI summary

Sancode Technologies board allotted 22,75,582 equity shares at Rs. 172 per share (face value Rs. 10, premium Rs. 162) on conversion of warrants, receiving Rs. 39.14 crore as balance 75% consideration. Allottees include promoter Khushboo Jain (4.65 lakh shares, Rs. 8 crore), promoter group Aneka LLC (3.20 lakh shares, Rs. 5.51 crore), and non-promoter Trinity Gate LLC (14.90 lakh shares, Rs. 25.63 crore). New shares will rank pari-passu with existing equity and list on BSE.

Likely market impact

Share count rises by 22.75 lakh shares causing dilution. Company receives Rs. 39.14 crore. Promoter participation signals confidence.