Announced Sat, 20 Jun · 17:39 IST
Promoter allots 4.5 crore convertible warrants worth Rs.108 cr at Rs.24 each
Fund Raising View source PDF
STLNETWORK · price
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Price reaction · full curve 14 horizons · vs prior close
+0.6%1-day move
₹28.40
prior close
₹28.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.8+1.4+2.2+3.2+0.6-1.8-3.8-3.4-4.1-8.5-12.0-13.0——
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AI summary
STL Networks has allotted 4.5 crore convertible warrants to promoter Twin Star Overseas at Rs.24 each, aggregating Rs.108 crore. The promoter paid 25% upfront (Rs.27 crore) with the remaining Rs.18 per warrant due within 18 months on conversion. Promoter holding rises from 42.91% to 47.73% on a fully diluted basis. Each warrant converts into 1 equity share of Rs.2 face value at Rs.22 premium. Unexercised warrants will lapse.
Likely market impact
Promoter deepening stake signals confidence; potential equity dilution of 4.5 crore shares over 18 months if warrants are exercised.