Announced Sat, 4 Jul · 18:17 IST
Preferential issue price revised to Rs 10.07 for debt to equity conversion
Fund Raising View source PDF
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Wherrelz IT Solutions revised the issue price for its preferential allotment from Rs 10 to Rs 10.07 per share to comply with SEBI ICDR pricing formula. Number of shares reduced from 4.67 crore to 4.64 crore, with aggregate consideration almost unchanged at about Rs 46.77 crore. The allotment converts outstanding unsecured loans from 7 non-promoter body corporates into equity. No change in deal structure, size, or control.
Likely market impact
Minor technical correction with no change in deal size or control; slight reduction in share dilution for existing holders.