Announced Fri, 24 Jul · 11:30 IST
In-principle approval for preferential issue to promoters via loan conversion
Fund Raising View source PDF
ALMONDZ · price
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₹12.95
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AI summary
Almondz Global Securities received in-principle approval from BSE and NSE for issuing 1.63 crore equity shares at not less than Rs 15.32 each to promoters on preferential basis. Shares are being issued against conversion of Rs 25 crore unsecured loan from promoters into equity. Allotment and listing still pending.
Likely market impact
Promoter loan converting to equity reduces debt and signals confidence, but will dilute existing shareholders upon allotment.