In-principle approval for issuance of 3.21 crore equity shares

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AI summary

Desi Farms India Ltd received in-principle approval for issuing 3,21,20,990 equity shares (about 3.21 crore shares) under SEBI Listing Regulations. This regulatory clearance is a preliminary step before the actual share issuance can take place. Further details on pricing, investors, and the purpose of the issue are awaited.

Likely market impact

In-principle approval is a preliminary clearance. Actual dilution impact depends on pricing and use of proceeds, which are not yet disclosed.