Preferential issue
As filed · Zodiac Clothing Company Limited has informed the Exchange about Preferential issue
CapitalWatchNotablemateriality 74 out of 100
What happened
FactZodiac Clothing Company Limited has informed the Exchange about Preferential issue. Issue of equity shares on Preferential Basis upto Rs. 15 Crores to the. The Issue Price of the aforesaid Preferential Issue of equity shares shall be.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
Watch next
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; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%