Announced Thu, 23 Jul · 20:15 IST
Board approves 5 lakh warrants preferential issue to promoter
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹150.45
prior close
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AI summary
Board approved preferential issue of up to 5 lakh fully convertible warrants to promoter Mr. Ashwani Khemka at INR 147.39 per warrant, aggregating about INR 7.37 crore. Convertible into equity shares within 18 months. Promoter stake will rise from 29.88 percent to 32.62 percent on full conversion. Also approved material related party transaction with subsidiary SPL Infusion Private Limited. Postal ballot notice issued for shareholder approval.
Likely market impact
Promoter capital infusion signals confidence but will dilute minority shareholders on conversion. Awaiting shareholder nod via postal ballot.