Corporate Action6 Jun 2026, 04:41 pm
NECCLTD Allots 45 Lakh Equity Shares Worth ₹6.83 Cr to Promoter
AI Summary
North Eastern Carrying Corporation Limited announced the allotment of 45,00,000 equity shares of face value Rs. 10 each at an issue price of Rs. 15.18 per share to promoter Mr. Sunil Kufnar Jain. This preferential allotment, aggregating approximately Rs. 6.83 Crores, was made upon conversion of unsecured loans into equity. The Board of Directors approved this transaction during their meeting held on June 06, 2026.
Key Highlights
- Allotment of 45 lakh equity shares to promoter.
- Issue price fixed at Rs. 15.18 per share.
- Total value of allotment is Rs. 6.83 Crores.
- Conversion of unsecured loans into equity.
- Board meeting held on June 06, 2026.
Price Impact
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