1.645 million promoter-linked shares allotted at Rs 60
VASWANI · price
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On the reaction day the stock moved 4.8 pts more than Nifty Microcap 250 and 5.3 pts more than its Ferrous Metals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Vaswani Industries allotted 1,645,000 fully paid equity shares to seven promoter and promoter-group allottees at Rs 60 each, raising Rs 9.87 crore in cash. Paid-up shares rose from 32,946,153 to 34,591,153. The shares carry a Rs 50 premium and are subject to an 18-month lock-in.
The cash raise increases paid-up capital, but the 5% rise in shares dilutes existing ownership. Near-term price impact may depend on demand and the issue price.