Denmark investor Ginnerup Capital picks 5.34 percent stake via convertible warrants

Creeping Acquisition Near ThresholdOwnership Changes View source PDF Explain this filing

SHIVALIK · price

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Price reactionminutes from the announcement price · days from the prior close

+1.4%Reaction day

₹407.20

prior close

₹410.95

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+0.4% vs market

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.1

10m

+1.6

15m

+1.1

30m

+1.1

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+1.4+1.0+0.4

Next day

-0.3+0.8-1.1

-2.2-0.5-1.6

-8.0-0.5-7.5

-5.3+0.8-6.0

-9.8+0.5-10.3

-13.2-2.0-11.2

15d

-21.7-6.4-15.3

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UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ginnerup Capital ApS, a Denmark-based investor, acquired 3,99,990 fully convertible warrants in Shivalik Rasayan on 14 Sep 2026 via preferential allotment, taking total holding to 5.34 percent of diluted share capital (9,06,540 securities, up from 5,06,550 shares at 3.22 percent). The acquirer is not part of the promoter group. Total diluted equity stands at 1.69 crore shares of Rs 5 each post-allotment.

Likely market impact

Foreign investor crosses 5 percent disclosure threshold via warrants; signals institutional interest but warrants may dilute equity on conversion.