Listing approval for 30 lakh preferential shares at Rs 85.80
FONEBOX · price
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Fonebox Retail received NSE listing approval for 30 lakh equity shares (face value Rs 10) issued on a preferential basis at Rs 85.80 per share. Two promoters got 10 lakh shares each and one public allottee got 10 lakh shares. Total issue value works out to about Rs 25.74 crore. The shares were originally allotted for consideration other than cash.
30 lakh new shares will start trading soon, expanding the share base. Minor dilution effect since the original allotment was non-cash.