Allotment of Fully Convertible Warrants to the persons/entities belonging to the "Public" Category
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.4 pts more than Nifty Microcap 250 and 4.9 pts more than its Telecommunication peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Valiant Communications has allotted 6,00,000 fully convertible warrants to six public-category allottees at Rs. 768 per warrant, raising an aggregate of Rs. 46.08 crore on a preferential basis. The company has already received 25% of the subscription amount upfront from all allottees. Major allottees include Radiant Global Fund (3,00,000 warrants), Niveshaay Hedgehogs Fund (1,00,000), and Niveshaay Sambhav Fund (1,00,000), along with three individual investors. Post-allotment, the fully diluted paid-up equity share capital rises to Rs. 12.04 crore comprising 1,20,42,090 shares of Rs. 10 face value.
This preferential warrant allotment strengthens the company's capital base by Rs. 46.08 crore (on full conversion), though it will lead to dilution of existing shareholders upon warrant exercise. The presence of multiple fund investors signals confidence, but the stock may see short-term dilution pressure when warrants are eventually converted into equity shares.