Announced Sat, 4 Jul · 18:43 IST
Board approves preferential issue of 45 lakh shares at Rs 28 each
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
-0.3%1-day move
₹29.74
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-0.3-5.2-4.2-9.2-4.4-0.8+0.9———
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AI summary
Tirth Plastic board approved a preferential issue of up to 45,00,000 equity shares of Rs 10 face value at Rs 28 per share (including Rs 18 premium) to 42 non-promoter allottees. Total potential raise is about Rs 12.60 crore in cash. Shareholders approval will be sought via postal ballot. Scrutinizer appointed for the process.
Likely market impact
Dilution risk for existing shareholders as 45 lakh new shares will be issued. Cash infusion of about Rs 12.6 crore from non-promoter group.