Approved the revision in the proposed preferential issue earlier approved by the Board
As filed · Outcome of Board Meeting
CapitalNotablemateriality 71 out of 100
What happened
FactApproved the revision in the proposed preferential issue earlier approved by the Board. Issue price of ₹375/- (Rupees Three Hundred Seventy-Five Only) per Equity Share. Including a premium of ₹370/- (Rupees Three Hundred Seventy Only) per Equity Share.
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%