Corporate Action3 Jun 2026, 05:22 pm
Shivamshree Businesses revises preferential issue price to ₹2.30
AI Summary
Shivamshree Businesses Ltd has announced an addendum to its previous board meeting outcome, revising the issue price for its proposed preferential allotment of Equity Shares. The initial issue price of ₹2.25 per share has been increased to ₹2.30 per share to comply with SEBI ICDR Regulations. This revision impacts the total consideration for the allotment of up to 1,43,50,000 Equity Shares, increasing it to ₹3,30,05,000 from the previously estimated ₹3,22,87,500. All other terms of the allotment, including the number of shares and allottees, remain unchanged.
Key Highlights
- Preferential issue price revised from ₹2.25 to ₹2.30 per share.
- Total funds raised increased to ₹3.30 crore from ₹3.23 crore.
- Revision ensures compliance with SEBI ICDR Regulations.
- Allotment of 1.435 crore equity shares remains unchanged.
- Allottees and their respective allocations are also unchanged.
Price Impact
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