BSE approves listing of 6 lakh pref shares from warrant conversion
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On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and in line with its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jumbo Bag Ltd. received BSE listing approval for 6,00,000 equity shares (face value Rs 10, issued at Rs 61 including Rs 51 premium) allotted to promoters and non-promoters on a preferential basis via warrant conversion. With this, the company's listed equity share capital has increased and the new shares will rank equally with existing ones. Trading approval is still pending — the company must submit NSDL or CDSL credit confirmation and NSE listing approval (if applicable) before these shares can be traded on the exchange.
BSE approved listing of 6 lakh new shares, raising Jumbo Bag's listed capital. Shares not yet tradable; dilution will occur once credited to demat accounts.