Announced Mon, 13 Apr · 11:41 IST
Board approves Letter of Offer for Redeemable Preference Shares (NCRPS)
Fund Raising View source PDF
KANORICHEM · price
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+3.6%1-day move
₹71.90
prior close
₹71.37
base price
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AI summary
Kanoria Chemicals' Board, on 13 April 2026, approved the Letter of Offer (PAS-4) for issuing Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares (NCRPS). This follows shareholder approval at the EGM held on 1 April 2026. The issue structure is fixed; no pricing, size, or timeline details were disclosed in this filing.
Likely market impact
Sets the stage for a preference share issuance. Further dilution details and pricing awaited for shareholder impact.