KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation Ltd has received trading approval from BSE for 1,60,49,220 equity shares of Rs. 5/- face value, issued at a premium of Rs. 33.50/- per share on a preferential basis to promoter and non-promoter groups. These shares bear distinctive numbers from 77683886 to 93733105 and became eligible for trading on the exchange from Monday, May 19, 2025. The company had earlier issued these shares preferentially and has now completed the listing process. This means the privately placed shares are now freely tradable on BSE, potentially increasing the floating supply in the market.
The listing of these new shares will increase the tradable share base, which may lead to short-term supply pressure on the stock. Shareholders should note potential dilution impact from the preferential issue now that these shares are active on the exchange.