'Intimation of receipt of the In-Principal approval from National Stock Exchange of India Limited and BSE…
As filed · Jet Freight Logistics Limited has informed the Exchange regarding 'Intimation of receipt of the In-Principal approval from National Stock Exchange of India Limited and BSE Limited for issue of equity
What happened
FactJet Freight Logistics Limited has informed the Exchange regarding 'Intimation of receipt of the In-Principal approval from National Stock Exchange of India Limited and BSE Limited for issue of equity shares pursuant to conversion of warrants to promoter and non-promoter category on a preferential basis.'. India Limited and BSE Limited for issue of equity shares pursuant to conversion of warrants to. shares pursuant to conversion of warrants issued under Preferential basis…
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%