Corporate Action23 Sept 2026, 04:51 pm
Remi Edelstahl Tubulars Allots 8.33 Lakh Shares Preferentially
AI Summary
Remi Edelstahl Tubulars Limited announced the allotment of 8,33,331 equity shares at a price of Rs 180 per share for an aggregate consideration of Rs 14,99,99,580. The allotment includes shares to promoter group entities Hanuman Freight & Carriers Private Limited and Skyrise Mercantile Limited, as well as non-promoter investors Jay Bharat Mehta, J B Mody Enterprises LLP, and SNS Ventures LLP. The issuance was conducted on a preferential basis in accordance with SEBI ICDR Regulations.
Key Highlights
- 8,33,331 equity shares allotted at Rs 180 each.
- Total funds raised amount to Rs 14.99 Crores.
- Allotment includes both promoter group and non-promoter investors.
- Shares are subject to lock-in as per SEBI regulations.
Price Impact
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