Preferential allotment approved
As filed · Committee Meeting Updates
CapitalWatchMajormateriality 76 out of 100
What happened
FactOf Rs. 10/- each, at an issue price of Rs.216 per equity share (including a premium of Rs.206 per equity share). And 68,97,000 (Sixty Eight Lakhs Ninety Seven Thousand) convertible warrants at an issue price of Rs.216/. per warrant (Rs.54 per warrant paid upfront, being 25% of issue price) for cash consideration on preferential.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
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Fact- Who the allottees are
- Issue price versus market price
- Lock-in period on the new shares
Evidence
How CapitSignal classified this
- Reasoning:
- PREFERENTIAL_ALLOTMENT base 66; +2 corroborating keywords; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%