Corporate Action21 Oct 2026, 08:20 pm
Shree Salasar Investments Allots 18.5 Lakh Warrants
AI Summary
Shree Salasar Investments Limited's Board of Directors approved the allotment of 18,50,000 warrants on a preferential basis to promoter and non-promoter categories. The warrants are convertible into equity shares at Rs. 175 per share within 18 months. This issuance does not immediately change the paid-up equity share capital. The total issue size for the warrants is Rs. 32.375 Crore. The company has received in-principle approval from the Bombay Stock Exchange.
Key Highlights
- 18,50,000 warrants allotted on preferential basis.
- Warrants convertible to equity at Rs. 175 each within 18 months.
- Total issue size of Rs. 32.375 Crore.
- No immediate change in paid-up equity share capital.
- BSE in-principle approval received for the issuance.
Price Impact
More from SALSAIN