Receipt of Listing approval for listing of 4,51,66,668 equity shares allotted to promoter and non-promoter category on preferential basis
Price
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Awaiting price reaction for this filing.
iStreet Network Ltd has received BSE listing approval for 4,51,66,668 equity shares that were earlier allotted to promoter and non-promoter groups on a preferential basis. Preferential allotment is when a company issues shares directly to chosen investors instead of the public. The listing approval is a routine regulatory step that allows these already-issued shares to start trading on the exchange. The full announcement document was not accessible as the BSE page had been moved, so finer details like issue price, lock-in period, or purpose of funds are not available from the source.
Once listed, these shares will dilute existing shareholders' holdings and increase the total equity base. Near-term price action may depend on the original allotment price and applicable lock-in rules, since locked-in shares cannot be sold immediately.