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Awaiting price reaction for this filing.
Valiant Communications has received BSE's in-principle approval to issue 6,00,000 warrants on a preferential basis to non-promoter investors. Each warrant will be convertible into one equity share of Rs. 10 face value, at an exercise/issue price of Rs. 768 per warrant. The total potential capital raise, assuming full conversion, is approximately Rs. 46.08 crore. This is a private, preferential allotment — not a public issue — and disclosure has been made under SEBI LODR Regulation 30.
Fresh capital infusion of up to ~Rs. 46 crore from non-promoters, but the issue will dilute existing shareholders' holdings once warrants are converted. Short-term share price may react to the steep issue price relative to face value, though the actual market price impact depends on prevailing trading levels and end-use of funds.