Trejhara Solutions allots shares and warrants worth Rs 162.18 crore on preferential basis
TREJHARA · price
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On the reaction day the stock moved 5.5 pts more than Nifty Microcap 250 and 5.4 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Trejhara Solutions allotted 6,11,112 equity shares at Rs 216 each (Rs 13.2 crore) and 68,97,000 convertible warrants at Rs 216 each with Rs 54 paid upfront (Rs 37.24 crore received now, total issue size Rs 162.18 crore) on a preferential basis. Allottees include promoter Paresh Zaveri (25 lakh warrants), promoter group member Niharika Zaveri, Barclays Wealth Trustees (Lotus Family Trust, 10 lakh warrants) and 10 other non-promoters. Issue size was reduced from earlier proposed Rs 185.94 crore as 2 allottees did not participate.
Equity dilution ahead. Promoter Paresh Zaveri's stake will rise to 13.73% on full warrant conversion. Fresh capital strengthens balance sheet.