Announced Thu, 16 Jul · 14:59 IST
Board withdraws 45 crore share preferential issue applications
Board & Shareholder Meetings View source PDF
Price
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AI summary
Leading Leasing Finance and Investment Company informed that its Board, at a meeting on July 16, 2026, approved the withdrawal of In-Principle Approval applications submitted to BSE and Metropolitan Stock Exchange. The applications were for issuing 40 crore equity shares to the Non-Promoter Category on conversion of outstanding unsecured loans, and 5 crore equity shares on a preferential basis. The decision cancels these earlier planned equity issuances.
Likely market impact
Shareholders avoid potential dilution from the planned 45 crore preferential share issue. The unsecured loan stays as debt instead of converting to equity.