Announced Tue, 23 Jun · 21:16 IST
Sharika Enterprises to raise about Rs 27.21 cr via preferential shares and warrants
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+9.8%1-day move
₹19.98
prior close
₹20.97
base price
After-mkt
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AI summary
Board approved preferential issue of up to 1.51 crore equity shares to non-promoter investors at Rs 14.33 each, aggregating about Rs 21.71 crore. Also approved up to 38.38 lakh convertible warrants at Rs 14.33 each to promoters and non-promoter investors, aggregating Rs 5.5 crore. Warrants are convertible into equity shares within 18 months. Total fundraising about Rs 27.21 crore, subject to shareholder approval at EGM on July 17, 2026.
Likely market impact
Raises about Rs 27.21 crore but will dilute existing shareholders. Promoter participation in warrants signals confidence in the business.