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Data Extracted via Frism DocuLens
- Magson Retail & Distribution Limited (NSE: MAGSON) converted 33,46,166 convertible warrants into fully paid‑up equity shares at ₹ 93.25 per share, receiving ₹ 23,40,22,484.63 in balance amount; no warrants remain outstanding.
- The conversion raised the paid‑up equity share capital to 1,85,11,200 shares (₹ 18,51,12,000), a ≈22 % increase in total share count.
- Promoter‑group ownership climbed from 19.73 % to 31.39 %, crossing the SEBI takeover threshold and triggering a mandatory open offer to public shareholders.
- Kunvarji Finstock Private Limited has been appointed as the open‑offer manager, with the offer obligation to pay tendering shareholders the offer price plus interest under SEBI SAST rules.
- The newly issued shares await listing and trading approval from the NSE/BSE, which could influence liquidity and market perception.
Stock Impact Forecast
PreviewMedium Confidence
◆Neutral
The receipt of ₹23. 40 crore in cash, complete elimination of warrant overhang, and promoter stake consolidation from 19. 73% to 31.
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Forecast from comparable, historic events. Not investment advice.
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