Intimation of receipt of Trading Approval for 54,84,000 equity shares issued on preferential basis.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Comfort Fincap Ltd has received trading approval from BSE for 54,84,000 equity shares that were issued on a preferential basis. These shares have a face value of ₹2 each and were allotted at a premium of ₹7, meaning the issue price was ₹9 per share. The total capital raised through this preferential allotment comes to approximately ₹4.94 crore. With this approval, these newly issued shares will now be available for trading on the exchange. The company communicated this to BSE under SEBI's Listing Obligations and Disclosure Requirements regulations.
Existing shareholders will see their holding diluted as ~54.84 lakh new shares enter the market. The shares will now be freely tradable, which could increase supply and put mild downward pressure on the stock price in the short term.