Indian Terrain Fashions Limited has informed the Exchange about General Updates
INDTERRAIN · price
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Awaiting price reaction for this filing.
Indian Terrain Fashions has received BSE listing approval for 49,48,537 equity shares of Rs. 2 face value each, allotted at Rs. 50.52 per share (including a premium of Rs. 48.52) to non-promoter entities/individuals. This allotment is on a preferential basis pursuant to the conversion of warrants previously issued. The total issue size is approximately Rs. 25 crore. The company is still awaiting the listing approval from NSE, which will be informed once received.
This is a procedural update confirming regulatory clearance for shares already allotted on warrant conversion; it leads to potential dilution for existing shareholders but does not change the company's fundamentals. Shareholders should expect a temporary dip in stock price when these shares become tradeable due to increased float, though the Rs. 50.52 price sets a near-term reference level.