One Global Service Provider gets BSE in-principal approval for preferential issue

One Global Service Provider Ltd has received in-principal approval from BSE Limited for the preferential issue of 7,06,068 equity shares of Rs. 10/- each at a price of not less than Rs. 558.93/- each to non-promoter category. This issuance is pursuant to a share swap arrangement. The approval is conditional upon compliance with all applicable regulations, including SEBI's ICDR and LODR Regulations. The company is advised to strengthen internal controls and obtain undertakings from allottees regarding trading restrictions to prevent non-compliance.