Announced Sat, 20 Jun · 17:35 IST
STL Networks allots 4.5 crore warrants to promoter at Rs 24
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
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AI summary
STL Networks has allotted 4.5 crore convertible warrants to promoter Twin Star Overseas Limited at Rs 24 per warrant on a preferential basis, aggregating Rs 108 crore. The allottee paid 25 percent upfront (Rs 27 crore), with the rest due on exercise within 18 months. On conversion, promoter holding will rise from 42.91 percent to 47.73 percent on a fully diluted basis.
Likely market impact
Shows promoter commitment and confidence, but potential dilution of around 4.5 crore shares over 18 months may weigh on the stock.