Norben Tea & Exports LimitedNORBTEAEXPNSE
Allotment of 1218100 securities pursuant to Preferential Issue at its meeting held on March 27, 2025
As filed · Norben Tea & Exports Limited has informed the Exchange regarding allotment of 1218100 securities pursuant to Preferential Issue at its meeting held on March 27, 2025
CapitalWatchNotablemateriality 74 out of 100
What happened
FactNorben Tea & Exports Limited has informed the Exchange regarding allotment of 1218100 securities pursuant to Preferential Issue at its meeting held on March 27, 2025. Rs. 10/- each fully paid up, pursuant to conversion of 12,18,100 warrants out of total 37.94,100 warrants allotted. to Non Promoters on preferential allotment basis on 31+ January, 2025 at an issue price of Rs. 17/- per share and.
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%