Announced Wed, 17 Jun · 20:08 IST
Allotment of 1.91 crore equity shares on preferential basis to promoter
Fund Raising View source PDF
SANGINITA · price
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Price reaction · full curve 14 horizons · vs prior close
+4.0%1-day move
₹36.95
prior close
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AI summary
Board allotted 1,91,57,080 equity shares to promoter B N G Investment LLC at Rs. 13.05 per share (including Rs. 3.05 premium over face value of Rs. 10), raising about Rs. 25 crore. The promoter stake rises sharply from 25.33 percent to 57.08 percent, giving it majority control. Paid-up equity capital increases from Rs. 41.19 crore to Rs. 60.35 crore. Shareholders had earlier approved this preferential issue in April 2026.
Likely market impact
Promoter becomes majority owner; existing public shareholders get diluted; Rs. 25 crore raised at a premium to face value.