Corporate Action9 Jun 2026, 11:07 am
Richfield Financial Services: BSE Approves Trading of New Equity Shares
AI Summary
Richfield Financial Services Ltd has received trading approval from BSE for 21,56,000 equity shares allotted on a preferential basis to promoters and non-promoters. The shares, with a face value of Rs. 10 each, were issued at a price of Rs. 25 per share. These new shares will rank pari-passu with the existing equity shares. The trading approval is effective from June 9, 2026. A significant portion of these shares (20,14,400) are subject to a lock-in period until December 15, 2026, with smaller tranches having lock-in periods extending to December 15, 2027.
Key Highlights
- BSE grants trading approval for 21.56 lakh new equity shares.
- Shares issued on preferential basis to promoters and non-promoters.
- Issue price was Rs. 25 per share (face value Rs. 10).
- New shares rank pari-passu with existing equity.
- Significant portion subject to lock-in until Dec 2026/2027.
Price Impact
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