Announced Wed, 19 Aug · 11:11 IST
Solara converts 2.79 lakh partly paid rights shares to fully paid-up
SOLARA · price
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Price reaction · full curve 14 horizons · vs prior close
+14.2%1-day move
₹553.05
prior close
₹548.70
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1-0.1-0.1-0.2+14.2+11.6+13.4+13.4+11.7+12.8+25.3+36.2——
Up moveDown movePending
AI summary
Solara Active Pharma Sciences has converted 2,79,582 partly paid-up Rights Equity Shares into fully paid-up shares of face value Rs. 10 each, after receiving the remaining call monies. Of these, 2,23,051 shares had their second and final call of Rs. 112.50 per share paid, and 56,531 shares had both first and second calls of Rs. 243.75 per share paid. Post conversion, paid-up capital stands at Rs. 48.16 crore across 4,80,81,817 fully paid-up equity shares.
Likely market impact
Shareholders who paid call monies now hold fully paid-up listed shares, while non-payers faced forfeiture earlier. No fresh capital raised here.