Pune E - Stock Broking Ltd Receives In-Principle Approval for ₹ 37.44 Crores Convertible Warrants Issue

Pune E - Stock Broking Ltd (PESB) has received an in-principle approval from BSE Limited for the issue of 16,00,000 Convertible Warrants. Each warrant is convertible into 1 fully paid-up Equity Share bearing a face value of ₹10/-. The issue price is ₹234/- per warrant, amounting to ₹ 37,44,00,000. The approval is in accordance with Regulation 28(1) of the SEBI LODR. The company is required to make a listing application and comply with post-issue formalities as per Regulation 14 of the LODR Regulations.