We would like to inform you that the Company has received Trading Approval from the BSE Limited on April 25, 2025 for the trading of 1800000 Equity Shares issued on a Preferential Basis ....
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Awaiting price reaction for this filing.
HB Leasing & Finance Company has received trading approval from BSE for 18,00,000 equity shares that were allotted on a preferential basis on 12 March 2025. Of these, 11,60,000 shares were issued to the Promoter Group and 6,40,000 shares to a Non-Promoter entity at Rs. 18 per share (Rs. 10 face value + Rs. 8 premium), raising approximately Rs. 3.24 crore in total. Trading in these shares on BSE commenced from Monday, 28 April 2025. The shares carry distinctive numbers from 11062732 to 12862731.
Existing shareholders should note potential dilution as 18 lakh new shares enter circulation, increasing the total equity base. The preferential allotment to promoters at Rs. 18 signals promoter confidence in the company, though the share price movement post-listing will depend on market demand for these shares.