Investment9 Sept 2026, 02:52 pm
TANFAC Industries Approves Allotment of 4.24 Lakh Shares for ₹99.4 Cr
AI Summary
TANFAC Industries Ltd's Preferential Issue Committee has approved the allotment of 4,24,647 equity shares at an issue price of ₹2,341 per share, aggregating to ₹99.41 crore. The allotment includes 2,60,065 shares to Anupam Rasayan India Limited, 1,00,000 shares to Alrox Enterprises Private Limited, 53,395 shares to Vivek Jain, and 11,187 shares to Tatvam Trade. This preferential issue is in accordance with SEBI regulations. The meeting of the committee commenced at 2:00 PM and concluded at 2:24 PM on September 9, 2026.
Key Highlights
- TANFAC Industries approved allotment of 4,24,647 equity shares.
- Total funds raised through preferential issue amount to ₹99.41 crore.
- Anupam Rasayan India Limited is a significant allottee, acquiring 2,60,065 shares.
- The issue price per share was fixed at ₹2,341, including a premium of ₹2,336.
- Allotment is in compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Price Impact
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