Emmbi Industries Limited has informed the Exchange about General Updates
EMMBI · price
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Awaiting price reaction for this filing.
Emmbi Industries has received in-principle approval from NSE to list 7,66,667 equity shares of Rs. 10 each on the exchange. These shares were allotted to warrant holders who chose to convert their warrants into equity, originally issued on a preferential basis. The shares will be admitted to trading once NSDL/CDSL confirm credit to beneficiary accounts. This increases the total outstanding share count of the company.
Existing shareholders may see a mild dilution of their stake due to the new shares being added to the float. The conversion was likely already priced into the stock since warrants were issued earlier, so the immediate price impact is expected to be limited.