KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation Ltd (KICL) has received trading approval from BSE for 1,31,57,600 equity shares (face value Rs. 5 each) that were previously issued on a preferential basis at a premium of Rs. 67.60 per share (total issue price Rs. 72.60). These shares were allotted to promoters and non-promoters and carry distinctive numbers 93733106 to 106890705. With this approval, these shares are now eligible to be traded on the exchange, increasing the company's total listed share base.
These 1.31 crore shares will now enter the tradable pool, which may add modest supply to the stock. Shareholders should watch for potential selling pressure from non-promoter allottees, though promoter allotments typically carry longer lock-in restrictions.