Stellant Securities gets BSE in-principle approval for preferential issue

Stellant Securities (India) Ltd has received in-principle approval from BSE Limited for a preferential issue. The approval is for the issuance of 12,89,177 equity shares at a price not less than Rs. 602/- to non-promoters and 3,48,837 warrants convertible into equity shares at a price not less than Rs. 602/- to promoters. The company must comply with all relevant regulations, including strengthening internal controls to monitor trades by allottees and obtaining undertakings against intra-day trading before allotment. The final listing of securities is subject to further approvals and compliance.