Intimation of receipt of Trading approval for 76,76,000 equity shares issued on preferential basis.
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Awaiting price reaction for this filing.
Comfort Fincap Ltd has informed BSE that it has received trading approval for 76,76,000 equity shares (around 76.76 lakh shares) that were earlier issued on a preferential basis. Preferential allotments are shares given directly to selected investors chosen by the company, not offered to the general public. With this approval, these shares can now be actively traded on the exchange. The filing does not mention the issue price, the names of the allottees, or whether any lock-in period still applies.
Existing shareholders should expect a rise in the number of shares available in the market, which could create mild selling pressure on the stock. The new shares also dilute each existing shareholder's proportional ownership in the company.