Vaishali Pharma allots shares to Kesar Pharma via share swap for 26.95% acquisition
VAISHALI · price
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On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 3.3 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Vaishali Pharma allotted 45,37,865 equity shares at Rs. 20 each (total Rs. 9.08 crore) to Kesar Pharma Limited (KPL) on a preferential basis as non-cash consideration for acquiring 26.95% stake in KPL through a share swap. Post allotment, KPL holds 3.36% in Vaishali Pharma. Paid-up equity capital increased from Rs. 26.09 crore to Rs. 27 crore across about 13.50 crore shares.
Share-swap acquisition of 26.95% in KPL causes about 3.5% equity dilution for existing holders; non-cash deal preserves company liquidity.