Corporate Action29 May 2026, 09:21 pm
Kavveri Defence: NSE Lists 2.57 Cr Equity Shares from June 2026
AI Summary
NSE has approved the listing and trading of 2,57,50,000 equity shares of Kavveri Defence & Wireless Technologies Ltd, with a face value of ₹10 each, effective June 01, 2026. This includes 1,85,00,000 equity shares and 72,50,000 equity shares resulting from the conversion of warrants issued on a preferential basis. The issue price was ₹16 per equity share, including a premium of ₹6 per share. Lock-in details for a portion of these shares are provided in Annexure I, with lock-in periods extending until November 2026 and November 2027.
Key Highlights
- NSE approves listing of 2,57,50,000 Kavveri Defence equity shares from June 1, 2026.
- Shares result from conversion of warrants issued on a preferential basis.
- Issue price is ₹16 per share, including a premium of ₹6.
- Lock-in periods for some shares extend until November 2026 and 2027.
Price Impact
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