BSENeueon Corporation LtdHighNeutral
Announced Fri, 19 Dec · 19:57 IST

as per attached letter

Capital Market Events View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Neueon Corporation Limited (formerly Neueon Towers Limited) will be listed and available for trading on BSE (Scrip Code 532887) and NSE (Symbol: NEUEON) from December 23, 2025. This listing follows an NCLT-approved Resolution Plan under the Insolvency and Bankruptcy Code (IBC), with the NCLT order dated October 23, 2024. The company's share capital was restructured via capital reduction — the same 5,65,44,552 equity shares now have a face value of Rs. 1 each instead of Rs. 10 each. Post-restructuring, public shareholders hold 10% of the company, while the Successful Resolution Applicant (SRA) holds 90%. The shares will trade in the T Group (Trade-to-Trade segment) with a special pre-open session for IPO and similar category scrips. Lock-in is NA, and the shares have been credited under a temporary ISIN.

Likely market impact

This is a relisting event for a company that emerged from corporate insolvency, so existing shareholders should note the major ownership shift — the new resolution applicant now controls 90% of the company. Trading in the T (Trade-to-Trade) segment means no intraday speculation is allowed, reflecting the exchange's cautious stance on this scrip.