Balrampur Chini Mills Allots 93.17 Lakh Shares via Preferential Issue

Balrampur Chini Mills Ltd has successfully allotted 93,16,771 equity shares, aggregating to ₹450.00 crore, through a preferential issue. The shares were issued at a price of ₹483 each, including a premium of ₹482 per share. The allotment includes shares to promoters Vivek Saraogi and Sumedha Saraogi, as well as to non-promoter entities like TATA Small Cap Fund and various Alchemy and ICICI Prudential funds. This preferential issue increases the company's paid-up equity share capital to ₹21.13 crore. The company has received in-principle approvals from stock exchanges and will seek listing and trading approval in due course.