Corporate Action4 Aug 2026, 04:50 pm
Grovy India Allots 41.7 Lakh Shares Worth ₹15 Cr via Preferential Issue
AI Summary
Grovy India Limited's Preferential Issue Committee has approved the allotment of 41,69,433 equity shares of face value ₹10 each at an issue price of ₹36 per share. This preferential issue, aggregating up to ₹15,00,99,588, is to individuals belonging to the 'Promoter & Promoter Group' and 'Public' categories. The allotment increases the company's paid-up equity share capital to ₹17,50,57,050, comprising 1,75,05,705 equity shares. The meeting was held on August 4, 2026.
Key Highlights
- Grovy India approved allotment of 41.7 lakh shares.
- Issue price fixed at ₹36 per equity share.
- Total funds raised amount to ₹15.01 crore.
- Allotment made to promoter and public categories.
- Paid-up capital increased to ₹17.51 crore.
Price Impact
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