Celebrity Fashions Limited has informed the Exchange about receipt of Listing approval from NSE and BSE Limited
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Celebrity Fashions Limited has received in-principle listing approval from both NSE and BSE for 48,69,933 equity shares of ₹10 face value each. The shares were allotted at ₹10.31 per share (including a premium of ₹0.31) on a preferential basis to both promoters and non-promoters. The total consideration was in cash. Trading approval is pending confirmation from depositories (NSDL/CDSL) about crediting shares to beneficiary accounts and compliance with lock-in requirements for pre-preferential holdings. The shares bear distinctive numbers from 59678414 to 64548346.
The listing of these nearly 49 lakh new shares will increase the company's equity base, resulting in dilution for existing shareholders. The preferential allotment at a small premium suggests confidence from promoters and investors, though the actual market impact will depend on the overall demand and trading patterns.