Classic Filaments allots 26.94 lakh shares on preferential basis

Classic Filaments allotted 26,94,316 equity shares at Rs 51.50 each, including a premium of Rs 41.50 over face value of Rs 10, raising about Rs 13.88 crores via preferential issue to 31 non-promoter allottees. Paid-up capital rose from Rs 6.11 crores to Rs 8.81 crores. Promoter holding fell from 68.51 percent to 47.56 percent, while public shareholding rose to 52.44 percent. Shares are subject to SEBI lock-in rules.