Corporate Action12 Sept 2026, 01:03 pm
Precision Wires India gets In-Principal Approval for CCDs
AI Summary
Precision Wires India Ltd has received in-principle approval from BSE and NSE for the preferential issuance of 37,50,000 Compulsorily Convertible Debentures (CCDs) with a face value of Rs. 400 each. The company will now proceed with the allotment of these CCDs within statutory timelines and will submit the necessary listing applications. The exchanges have granted approval subject to fulfillment of certain conditions, including timely filing of listing applications, obtaining statutory approvals, and strengthening internal controls to monitor allottee trades.
Key Highlights
- In-principle approval received from BSE and NSE for CCD issuance.
- 37,50,000 Compulsorily Convertible Debentures to be issued preferentially.
- Company to proceed with allotment and listing applications.
- Approval subject to fulfillment of exchange conditions and SEBI regulations.
Price Impact
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