Corporate Action12 Nov 2026, 10:56 am
Kirloskar Electric Gets Listing Approval for Preferential Issue
AI Summary
Kirloskar Electric Company Ltd has received listing approval from BSE Ltd and the National Stock Exchange of India Ltd for the preferential issue of 34,68,007 equity shares to Kirloskar Power Equipments Limited, a promoter group company. The shares were issued at a floor price of ₹115.34 per equity share. This approval is a crucial step in completing the preferential allotment process.
Key Highlights
- Listing approval received from BSE and NSE for preferential issue.
- 34,68,007 equity shares to be issued to promoter group.
- Issue price set at ₹115.34 per equity share.
- Approval facilitates completion of the preferential allotment.
Price Impact
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