Regulatory24 Jun 2026, 06:50 pm
Porwal Auto Gets BSE In-Principle Approval for Preferential Issue
AI Summary
Porwal Auto Components Ltd has received in-principle approval from BSE Ltd for a preferential issue. This includes the issuance of 17,54,384 equity shares at ₹57 per share to non-promoter investors and 3,94,735 warrants convertible into equity shares at ₹57 per warrant to promoter group shareholders. The approval is a crucial step towards raising capital through these issuances.
Key Highlights
- BSE grants in-principle approval for preferential share and warrant issue.
- 17.54 lakh equity shares to be issued to non-promoters at ₹57 each.
- 3.95 lakh warrants to be issued to promoter group at ₹57 each.
- Approval facilitates capital raising for the company.
- Warrants are convertible within 18 months.
Price Impact
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