Corporate Action7 Sept 2026, 07:30 pm
Shipwaves Online seeks approval for ₹14.99 Cr preferential issue
AI Summary
Shipwaves Online Limited has submitted an application to BSE Limited for In-Principle Approval to issue 3,33,20,000 convertible warrants on a preferential basis. The issue price is set at ₹4.50 per warrant, aggregating to ₹14,99,40,000. This preferential issue is contingent upon obtaining necessary approvals, including in-principal approval from stock exchanges, shareholder consent, and other statutory/regulatory clearances.
Key Highlights
- Company seeks In-Principle Approval for preferential issue.
- Proposed issue: 3.33 Cr convertible warrants.
- Issue price: ₹4.50 per warrant.
- Total issue size: ₹14.99 Cr.
- Subject to regulatory and shareholder approvals.
Price Impact
More from SHIPWAVES