Corporate Action18 Sept 2026, 07:10 pm
Swastika Investmart gets BSE in-principle approval for warrant issue
AI Summary
Swastika Investmart Ltd has received in-principle approval from BSE Limited for the issuance of 90,50,000 warrants convertible into equity shares on a preferential basis. The warrants will be offered to the Promoter & Promoter Group and Non-Promoter/Public Category at a price of not less than Rs 63.64 per warrant. This approval is a crucial step towards raising capital and is subject to various regulatory compliances, including undertakings from allottees regarding trading restrictions. The company is required to obtain further approvals and comply with post-issue formalities for listing the securities.
Key Highlights
- BSE grants in-principle approval for 90,50,000 warrants issuance.
- Warrants convertible into equity shares on preferential basis.
- Issue price set at a minimum of Rs 63.64 per warrant.
- Allottees must provide undertakings against intra-day trading.
- Further regulatory compliances and listing formalities are required.
Price Impact
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