Announced Sat, 4 Jul · 18:46 IST
Board approves preferential issue of 45 lakh shares to non-promoters
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹29.74
prior close
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base price
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AI summary
Board approved a preferential issue of 45,00,000 equity shares at Rs. 28 each (face value Rs. 10, premium Rs. 18) to 42 non-promoter allottees, raising about Rs. 12.60 crore in cash. Allottees are mostly individuals plus entities like Sellwin Traders and Mideast Healthcare. Shareholder approval will be sought through postal ballot.
Likely market impact
Equity dilution for existing holders; company raises about Rs. 12.60 crore from non-promoters at premium to face value.