Intimation of receipt of Listing Approvals from Stock Exchanges
BAGFILMS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
B.A.G. Films and Media Ltd has received listing approvals from both BSE and NSE for 98,00,000 equity shares. These shares were allotted at Rs. 2/- face value with a premium of Rs. 6.25/- per share, resulting in an issue price of Rs. 8.25 per share. The shares were issued to members of the Promoter Group on a preferential basis following the conversion of 98,00,000 warrants into equity shares. The shares bear distinctive numbers from 197918091 to 207718090. Trading approval will be granted after confirmation from depositories regarding credit and lock-in of shares.
The conversion of warrants into equity shares increases the company's paid-up capital and results in dilution for existing shareholders. The new shares are allotted to the Promoter Group, which will increase their holding in the company.