Antelopus Selan Energy Limited has informed the Exchange about General Updates : receipt of trading approval from NSE and BSE for trading of newly issued 1,99,62,358 equity shares pursuant to scheme of amalgamation
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Antelopus Selan Energy Limited has received approval from both NSE and BSE to list and trade 1,99,62,358 newly issued equity shares on the exchanges. These shares were issued as part of a scheme of amalgamation, meaning they were allotted to shareholders of an entity that merged with the company. The trading approval allows these previously issued shares to now be actively traded on the stock exchanges. This is a procedural listing update following a merger or amalgamation that has already been completed.
Existing shareholders may see an increase in the share count of the company, which could lead to short-term dilution in earnings per share. The expanded float may also improve liquidity in the stock going forward.