The company is allotting not only 10 lakh share at 507 but adding warrants 16lakh at same price. Thus equity will increase to1.2 crs to 1.46 crs and book value will change from 269 to 400. One of the promoter is increasing his stake from 14.32 to 15.78% and other bansal family members are not allotted share/warrants.
51.3% shares are with public and I also think it is unfair for retail investor… It would have been better if all investor would have been given opportunity to maintain their shares.
I have invested in this company in 2016 and was holding all shares till 8 Jan 2024 though price has reached to 1140 in the last year. I unable to understand what I should do at this juncture.
Any advise.
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