Sigma Advanced Systems board okays Rs 460 crore preferential issue and share-swap deal

Fund Raising View source PDF Explain this filing

SIGMAADV · price

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

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prior close

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announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.0%-5.0% vs market

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Minutes after the announcementfrom the announcement price · no benchmark

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AI summary

Board approved issuing up to 1.32 crore equity shares at Rs 347 each, totalling about Rs 460 crore, on a preferential basis to non-promoters including Bank of India MF schemes, Taurus MF and Ashika India Select Fund. Also approved issuing 4.32 lakh shares via share swap to acquire an extra 25% in subsidiary AS Strategic (aerospace and defence), raising stake to 76% at about Rs 15 crore value. EGM set for June 28, 2026.

Likely market impact

Dilution of about 7.4% post-issue. Funds for growth and defence expansion. Shareholders to vote on June 28 EGM.