Announced Fri, 26 Jun · 11:09 IST
Taylormade Renewables allots 10 lakh warrants at Rs 123.51 to non-promoters
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
-4.5%1-day move
₹90.01
prior close
₹92.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-1.6—+3.0-4.5-3.6-3.9-1.8-1.7-6.8-9.5———
Up moveDown movePending
AI summary
Board approved allotment of 10 lakh convertible warrants at Rs 123.51 each (face value Rs 10 plus premium Rs 113.51) on preferential basis to two non-promoter allottees. Sukhdev Santramdas Punjabi and Sangitaben Sukhdev Punjabi, who share the same surname and appear to be a couple, each received 5 lakh warrants. They paid 25 percent upfront totaling about Rs 3.09 crore, with the balance due on warrant exercise.
Likely market impact
Preferential warrants to related non-promoter individuals may dilute existing shareholders upon conversion. Premium pricing above face value is a positive sign.