Board Meeting11 May 2026, 12:25 pm
Lancer Container Lines to Issue Shares at ₹10.80 via Loan Conversion
AI Summary
Lancer Container Lines Ltd's board approved the issuance of up to 1,85,18,518 equity shares at ₹10.80 each, totaling ₹20 crores, on a preferential basis to a promoter category individual, Mr. Suleyman Emre, through conversion of existing unsecured loans. This is subject to shareholder approval via postal ballot. Post allotment, Mr. Emre's holding will increase from 25.21% to 28.94%.
Key Highlights
- Lancer Container Lines will issue up to 1,85,18,518 equity shares.
- Shares are priced at ₹10.80 each, totaling ₹20 crores.
- The issuance is on a preferential basis to Mr. Suleyman Emre.
- The issuance is via conversion of unsecured loans.
- Shareholder approval is required through postal ballot.
Price Impact
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