Announced Thu, 3 Sept · 21:11 IST
Shalimar Paints corrigendum to EGM notice on HIML preferential issue
SHALPAINTS · 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
+3.0%1-day move
₹81.55
prior close
₹85.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+3.0+3.0+2.1+5.2+5.3+0.6————
Up moveDown movePending
AI summary
Shalimar Paints issued corrigendum to Sept 11 EGM notice for preferential issue of 42.94 crore equity shares and 81.12 crore CCPS at Rs 85/share to acquire Hella Infra Market (HIML) via share swap. Cash component cut to 83.03 lakh shares (Rs 70.57 crore) after 4 allottees excluded under SEBI Reg 159(1) for selling shares in prior 90 days. Replaced by other HIML shareholders. Overall issue size unchanged.
Likely market impact
Sept 11 EGM vote on HIML acquisition. Reduced cash dilution. Marquee names like Nithin Kamath and Radhika Ambani participating.