We would like to inform you that the Company has received Listing Approval from the BSE Limited on April 03, 2025 for the listing of 1800000 Equity shares issued on Preferential Basis to ....
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HB Leasing & Finance Company has received listing approval from BSE on April 3, 2025, for 18,00,000 equity shares that were allotted on a preferential basis on March 12, 2025, at Rs. 18 per share. Of these, 11,60,000 shares were issued to the Promoter Group and 6,40,000 shares to a Non-Promoter entity. The shares were issued through private placement, and BSE has cleared them to be traded on the exchange subject to certain conditions, including compliance with SEBI's lock-in rules under Regulation 167 of the ICDR Regulations. Trading approval is still pending and will be granted only after the company files NSDL/CDSL credit confirmations and, if applicable, NSE listing approval.
This is a procedural update confirming that newly allotted shares from a preferential issue will become tradeable on BSE once remaining formalities (depository credit and any NSE approval) are completed. It leads to a modest increase in the public float and potential dilution for existing shareholders, though the Rs. 18 per share issue price was set at the time of allotment and may already be priced in.