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$Lancer Containers Lines Ltd
#redflag
Co has issued FCCBs worth 30 mn usd (approx 240 cr) and has invested the money in subsidiary (I guess it's the Dubai subsidiary which was incorporated recently).
Conversion price is 250 per share (adjusted for stock split it's 125 per share) at the option of the holder. Conversion looks unlikely at CMP.
Meanwhile promoter stake has fallen continuously from 75% to 55% over the past 1 year. FII names invested in the stock also do not inspire confidence.
Co keeps on doing corporate actions like stock split and bonus.
#redflag
Co has issued FCCBs worth 30 mn usd (approx 240 cr) and has invested the money in subsidiary (I guess it's the Dubai subsidiary which was incorporated recently).
Conversion price is 250 per share (adjusted for stock split it's 125 per share) at the option of the holder. Conversion looks unlikely at CMP.
Meanwhile promoter stake has fallen continuously from 75% to 55% over the past 1 year. FII names invested in the stock also do not inspire confidence.
Co keeps on doing corporate actions like stock split and bonus.
