Corporate Action23 Oct 2026, 02:03 pm
Vaswani Industries Allots 16.45 Lakh Shares for ₹9.87 Cr
AI Summary
Vaswani Industries Ltd has approved the allotment of 16,45,000 equity shares at ₹60 per share, raising ₹9.87 Crore (₹9,87,00,000). The allotment is on a preferential basis to promoter category individuals. The issue price includes a premium of ₹50 per share. This allotment increases the company's paid-up capital from ₹32.95 Crore to ₹34.59 Crore. The new shares will rank pari passu with existing equity shares and are subject to an 18-month lock-in period.
Key Highlights
- Board approved allotment of 16.45 lakh equity shares.
- Fundraise of ₹9.87 Crore via preferential issue.
- Allotment made to promoter and promoter group individuals.
- Paid-up capital increased to ₹34.59 Crore.
- Allotted shares subject to an 18-month lock-in period.
Price Impact
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