In-principle approval for preferential share issue to non-promoter entity

Fund Raising View source PDF Explain this filing

TEGA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.3%Reaction day

₹2092.60

prior close

₹2108.20

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.1%+1.2% vs market

Industrial Products peers, median of 131sector-0.0%+1.3% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Smallcap 250 and 1.3 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.7

10m

-0.7

15m

-0.7

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.3+0.1+1.2-0.0+1.3

Next day

-6.4-2.3-4.1-2.8-3.7

-7.5-1.8-5.7-2.2-5.3

-8.9-0.7-8.2-2.0-6.9

-4.6-0.4-4.2-1.3-3.3

-6.4-0.4-6.0-1.2-5.2

-8.1-1.5-6.6-2.9-5.2

15d

-16.1-4.5-11.7-7.0-9.1

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UpDownMarket · Nifty Smallcap 250Sector · Industrial Products peers, median of 131Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

TEGA INDUSTRIES has received in-principle approval from NSE and BSE to issue 4,78,435 equity shares at Rs 1,994 per share to a non-Promoter entity on a preferential basis. Total issue size is about Rs 95.4 crore. The company must still complete listing applications and obtain other statutory approvals before allotment.

Likely market impact

Preferential issue to a non-promoter at Rs 1,994/share will dilute existing shareholders. Total raise about Rs 95.4 crore.