Please find enclosed intimation of receipt of listing approval from BSE Limited for 10,28,69,409 equity shares of the Company on a preferential basis.
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BSE Limited has granted listing approval for 10,28,69,409 equity shares (approximately 102.87 million shares) of Lancer Container Lines Ltd issued to non-promoters on a preferential basis. Each share has a face value of Rs. 5/- and was issued at a premium of Rs. 14.77/-, meaning an issue price of Rs. 19.77 per share. This is a significant capital issuance as the company raised equity capital from non-promoter investors. Trading approval is pending until the company submits additional documents including NSE listing approval (if applicable), NSDL/CDSL confirmation letters for share crediting, and lock-in confirmation for pre-preferential holdings as per SEBI regulations.
This preferential allotment to non-promoters increases the company's public shareholding. Existing shareholders may face dilution as a large block of new shares enters the market. The stock may see increased trading volume once these shares are listed and credited to beneficiary accounts.