Corporate Action23 Sept 2026, 04:50 pm
Remi Edelstahl Tubulars Ltd: Board Approves Preferential Allotment
AI Summary
Remi Edelstahl Tubulars Ltd announced the outcome of its board meeting held on September 23, 2026. The board approved a preferential allotment of 8,33,331 equity shares at a price of Rs 180 per share, aggregating Rs 14,99,99,580. The allotment includes shares to promoter group entities and non-promoter category allottees. The equity shares will be subject to a lock-in period as per SEBI regulations.
Key Highlights
- Board approved preferential allotment of 8,33,331 equity shares.
- Issue price fixed at Rs 180 per share.
- Total funds raised amount to Rs 14,99,99,580.
- Allotment includes promoter group and non-promoter investors.
- Allotted shares will be subject to lock-in provisions.
Price Impact
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