Announced Mon, 20 Jul · 19:40 IST
Board approves preferential share allotment via Funk Foods acquisition
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+3.5%1-day move
₹55.08
prior close
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AI summary
Board on 20th July 2026 approved allotment of 5,11,62,204 equity shares at Rs 10 per share (face value), totalling about Rs 51.16 crore. Shares are issued for consideration other than cash as a swap for 33,67,042 shares of Funk Foods Private Limited. Allottees include promoter group and non-promoter entities who will together hold 87.96 percent post-allotment.
Likely market impact
Significant dilution as allottees hold nearly 88 percent post-allotment. Acquisition is share-swap based, so no cash outflow for the company.