Announced Mon, 29 Jun · 16:21 IST
SK Minerals corrigendum to EGM notice on Rs 218.35 crore preferential warrants issue
Fund Raising View source PDF
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
+0.8%1-day move
₹377.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.8-3.2+0.8+0.0+1.1+3.4+29.2———
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AI summary
SK Minerals issued corrigendum to July 9 EGM notice for preferential allotment of 55 lakh convertible warrants at Rs 397 each (Rs 387 premium), raising about Rs 218.35 crore. Promoter group gets 28 lakh warrants (Rs 111.16 crore); 85 non-promoter allottees get 27 lakh warrants (Rs 107.19 crore). BSE sought clarifications, now incorporated. Issue price unchanged. Post-issue promoter holding falls from 73.53% to 66.52%.
Likely market impact
Preferential warrants issue will dilute promoter holding from 73.5% to 66.5% post conversion. Raises about Rs 218 crore from promoters and select investors.