Announced Tue, 7 Jul · 14:24 IST
Syschem India: 43.5 lakh warrants converted into equity shares at Rs 49
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
The Board approved conversion of 43,52,500 warrants into equity shares at Rs 49 each (including Rs 39 premium) to promoter group allottees. The company received about Rs 15.99 crore as balance amount. Paid-up capital rose from Rs 49.26 crore to Rs 53.61 crore. Promoter holding increased from 60.15 percent to 63.38 percent while public shareholding dipped from 39.85 percent to 36.62 percent.
Likely market impact
Promoter stake rises to 63.38 percent post conversion, diluting public holding to 36.62 percent. Equity base expands, may pressure stock in short term.