NSE in-principle approval for warrant conversion shares
TAURIAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NSE granted in-principle approval for Taurian MPS to issue 5,82,400 shares to promoters and 8,48,800 shares to non-promoters upon conversion of preferential warrants. Approval remains subject to statutory approvals, listing requirements and other NSE conditions.
The potential issue may increase share count and dilute existing shareholders. Approval is conditional and not yet final.