BSE approves listing of 4.8 million shares from warrant conversion
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.6 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
BSE approved listing of 4,800,000 equity shares of Rs 10 each issued to promoters and non-promoters on conversion of warrants. Shares were issued at a premium of Rs 17.50, making the issue price Rs 27.50 per share. Trading requires other applicable approvals and completion of depositary admission formalities.
The new shares may dilute existing shareholders' ownership. Listing approval alone does not allow trading until remaining formalities are completed.