Intimation regarding the receipt of Trading approval for trading of 2131936 equity shares of Rs.10/- each
HUBTOWN · price
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Awaiting price reaction for this filing.
Hubtown Limited has received trading approval from the exchange for 2,131,936 equity shares with a face value of Rs. 10 each. This typically means these shares, which may have been issued earlier through preferential allotment, warrants, FCCB conversion, or similar corporate action, are now permitted to be traded on the stock exchange. The total value of these shares at face value is approximately Rs. 2.13 crore. Shareholders should note any increase in the floating supply of shares available for trading.
This increases the freely tradable share pool, which could lead to short-term selling pressure if holders look to exit. Existing shareholders should monitor for potential dilution in price as these shares enter circulation.