Corporate Action3 Jun 2026, 07:01 pm
Rishi Laser Ltd: 8 Lakh Shares Listed Post Warrant Conversion
AI Summary
Rishi Laser Ltd announced the listing and trading of 8,00,000 equity shares of Rs. 10 each, issued at a premium of Rs. 140 per share. These shares were issued on a preferential basis to promoters and non-promoter groups pursuant to the conversion of share warrants. The trading approval was received from the stock exchange, and the shares are effective from June 4, 2026. These new shares rank pari-passu with the existing equity shares of the company.
Key Highlights
- 8,00,000 equity shares listed on June 4, 2026.
- Shares issued at Rs. 150 (Rs. 10 face value + Rs. 140 premium).
- Issued preferentially to promoters and non-promoters.
- Conversion of share warrants facilitated the issuance.
- New shares rank pari-passu with existing equity.
Price Impact
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