Corporate Action25 Sept 2026, 11:34 am
Kabra Extrusiontechnik gets In-Principle Approval for ₹141 Cr Preferential Issue
AI Summary
Kabra Extrusiontechnik Ltd has received in-principle approval from NSE and BSE for a preferential issue of 37,60,000 equity shares at ₹375 per share, aggregating ₹141 crore. The approval is subject to the company fulfilling various conditions, including obtaining statutory approvals and strengthening internal controls to monitor potential insider trading by allottees. The company must also obtain undertakings from allottees regarding trading restrictions before allotment.
Key Highlights
- In-principle approval received for ₹141 crore preferential issue.
- Issue involves 37.6 lakh equity shares at ₹375 each.
- Approval is conditional on regulatory compliance and internal controls.
- Company advised to prevent insider trading by allottees.
- Allottees must provide undertakings on trading restrictions.
Price Impact
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