Corporate Action23 Sept 2026, 04:50 pm
Remi Edelstahl Tubulars Ltd: ₹150 Cr Preferential Allotment
AI Summary
Remi Edelstahl Tubulars Ltd announced a preferential allotment of 8,33,331 equity shares at Rs 180 per share, aggregating Rs 14,99,99,580 (approx. ₹150 Cr). The allotment includes shares to promoter group entities like Hanuman Freight & Carriers Private Limited and Skyrise Mercantile Limited, as well as non-promoter investors. The shares will be subject to lock-in provisions as per SEBI regulations.
Key Highlights
- Company raises approx. ₹150 Cr via preferential allotment.
- Issue price set at ₹180 per equity share.
- Allotment includes both promoter and non-promoter investors.
- Shares are subject to lock-in as per SEBI regulations.
Price Impact
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