BSENeueon Corporation LtdMediumNeutral
Announced Thu, 25 Jun · 17:51 IST
BSE and NSE approve reclassification of 9 erstwhile promoters to public category
Ownership Changes View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Neueon Corporation received approval from BSE and NSE to reclassify 9 erstwhile promoters, holding a combined 2.05 crore shares (3.62%), from promoter to public category. This follows an NCLT order from October 2024 under the approved resolution plan. Post-reclassification, promoter holding drops from 93.63% to 90%, while public holding rises from 6.37% to 10%.
Likely market impact
Promoter holding reduces marginally to 90% from 93.63%; public shareholding rises to 10%. No change in actual ownership, low impact on stock.