BSEDharti Proteins LtdHighNeutral
Announced Thu, 2 Jul · 14:25 IST
ISIN change after resolution plan under CIRP wipes out old promoters
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Dharti Proteins ISIN changed from INE248C01013 to INE248C01021 after approved resolution plan under CIRP. Old promoters and promoter group shareholding fully cancelled and extinguished. Existing public shareholders faced proportionate reduction in holdings. New equity shares preferentially allotted to the successful resolution applicant and secured financial creditor. Face value remains Rs 10 per share.
Likely market impact
Old promoter wiped out, public shareholders diluted. New promoter and creditor now control the company. Major ownership change.