Intimation Of Trading Approval Received For 2,78,300 (Two Lakhs Seventy-Eight Thousand Three Hundred) Equity…
As filed · Intimation Of Trading Approval Received For 2,78,300 (Two Lakhs Seventy-Eight Thousand Three Hundred) Equity Shares Having Face Value of Rs. 10/- (Rupees Ten Only) Each Allotted at the Price of Rs. 23
CapitalWatchNotablemateriality 71 out of 100
What happened
FactEMKAY has received trading approval for the allotment of 278,300 equity shares at a price of Rs. 239.50 each, which includes a premium of Rs. 229.50 per share. This allotment was made on the conversion of warrants issued on a preferential basis in accordance with SEBI regulations. The approval letters from the National Stock Exchange and BSE Limited are enclosed with the filing.
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; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%