Windsor Machines allots 1.04 cr shares on warrant conversion at Rs 191.85
WINDMACHIN · price
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On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250 and 3.0 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Windsor Machines converted 1,04,24,811 warrants into equity shares at Rs 191.85 each (premium of Rs 189.85), allotted to Mr. Vinit Bediya (public category), raising about Rs 150 crore. Post-allotment, he holds 10.25 percent of paid-up capital. Paid-up equity capital rose to Rs 20.34 crore with 10.17 crore shares. About 17.32 lakh warrants still pending conversion.
Equity base expands by 11.4 percent via warrant conversion. Single public investor now holds 10.25 percent, leading to dilution for existing shareholders.