Regulatory27 May 2026, 09:21 pm
Balrampur Chini Mills: In-Principle Nod for Preferential Issue
AI Summary
Balrampur Chini Mills Ltd. has received in-principle approval from the National Stock Exchange of India Limited and BSE Limited for the issuance and allotment of up to 93,16,771 equity shares on a preferential basis. The issue price is ₹483 per equity share, including a premium of ₹482 per share. The approval is subject to the company fulfilling certain conditions, including filing the listing application, receiving statutory approvals, and complying with applicable regulations.
Key Highlights
- Balrampur Chini Mills gets exchange approval for preferential issue.
- Up to 93,16,771 equity shares to be issued.
- Issue price is ₹483 per share, including ₹482 premium.
- Approval subject to regulatory compliance and exchange conditions.
- Company must ensure allottees avoid intraday trading before allotment.
Price Impact
More from BALRAMCHIN*
More in Regulatory