Warrants Converted Into Equity Shares By Swojas Foods
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.8 pts less than Nifty Microcap 250 and 4.6 pts less than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Swojas Foods board approved conversion of 16 lakh warrants into equity shares at Rs 16.50 each (face value Rs 10). Non-promoter Onelife Capital Advisors paid the balance Rs 12.375 per warrant, totalling Rs 1.98 crore. Paid-up equity capital rose from Rs 44.26 crore to Rs 45.86 crore; total shares increased from 4.42 crore to 4.58 crore.
Minor equity dilution. Paid-up capital up by about Rs 1.60 crore. Around 51.83 lakh warrants still pending conversion by Onelife.