Revision in Issue Price of Preferetial Allotment
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Classic Leasing & Finance Ltd has revised the issue price for its proposed preferential allotment of equity shares from ₹2,110 per share to ₹11.50 per share. The revision follows a revised valuation report (addendum dated December 12, 2025) obtained from the company's registered valuer after observations from BSE. The new fair value per share was determined at ₹11.47 after excluding negative NAV from the valuation, and the issue price of ₹11.50 is set slightly above this revised fair value to comply with SEBI regulations. All other terms of the preferential issue remain unchanged.
The steep reduction in issue price from ₹2,110 to ₹11.50 per share may dilute existing shareholders more significantly than originally planned, and reflects concerns about the company's negative net asset value. However, compliance with SEBI pricing norms is now ensured.