Investment3 Dec 2025, 11:48 am
Emerald Leisures Ltd Receives In-Principle Approval for Preferential Issue of Convertible Warrants
AI Summary
Emerald Leisures Ltd has received an in-principle approval from BSE Limited for the issuance of 29,68,000 warrants convertible into equity shares of Rs. 5/- each at an issue price of Rs. 225/- (Including premium of Rs. 220/- each) to promoters and non-promoters on a preferential basis. The approval is subject to the company complying with various regulations and obtaining necessary approvals.
Key Highlights
- Emerald Leisures Ltd has been granted in-principle approval for the issuance of convertible warrants to promoters and non-promoters.
- The warrants are convertible into equity shares of Rs. 5/- each at an issue price of Rs. 225/- (Including premium of Rs. 220/- each).
- The approval is subject to the company complying with various regulations and obtaining necessary approvals.
- The company is advised to strengthen internal controls and obtain an undertaking from the allottee(s) to avoid any non-compliances.
- On allotment of securities, the company is required to make a listing application without delay and comply with post-issue formalities.
Price Impact
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