Announced Tue, 7 Jul · 14:21 IST
Promoters convert warrants into 43.52 lakh equity shares
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹40.99
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-0.2+6.4+4.5+6.0+3.3+3.6+3.3———
Up moveDown movePending
AI summary
Syschem India allotted 43,52,500 equity shares to Promoter group on conversion of warrants at Rs 49 each (premium Rs 39). Total amount Rs 15.99 crore received from allottees. Promoter holding rises from 60.15% to 63.38%. Paid-up equity capital rises to Rs 53.62 crore (5.36 crore shares). Allottees are from the Shah family promoter group.
Likely market impact
Promoter holding rises by about 3.2 percentage points, increasing their control. Public shareholding gets diluted from 39.85% to 36.62%.