Clarification17 Sept 2026, 06:10 pm
Sambhv Steel Tubes Clarifies Preferential Issue Details
AI Summary
Sambhv Steel Tubes Ltd has provided clarifications to the National Stock Exchange (NSE) regarding its proposed preferential issue of 8,695,400 fully convertible equity warrants. The issue price is ₹115 per warrant. The company clarified that Regulation 166A of SEBI ICDR Regulations is not applicable as the issue does not alter control or exceed 5% of post-issue capital. It also corrected the Volume Weighted Average Price (VWAP) disclosure, stating the 90-day VWAP was ₹112.18 (rounded to ₹112) and the 10-day VWAP was ₹114.33 (rounded to ₹114), with the issue price remaining ₹115.
Key Highlights
- Proposed preferential issue of 8,695,400 equity warrants.
- Issue price set at ₹115 per warrant.
- Clarified non-applicability of SEBI Regulation 166A.
- Corrected VWAP figures for 90-day and 10-day periods.
- Issue price of ₹115 per warrant remains unchanged.
Price Impact
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