Allots 7.07 cr shares at Rs 71.25 via preferential issue; share swap with SISCOL
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Securities Issue Committee on Aug 17, 2026 approved allotment of 7,07,42,458 equity shares at Rs 71.25 each (face value Rs 1, premium Rs 70.25). Of these, 7,00,42,458 shares worth Rs 499.05 cr were issued to 26 shareholders of Steel Infra Solutions Company Limited (SISCOL) as consideration other than cash, for acquiring 1,66,35,087 shares of SISCOL via share swap. Another 7,00,000 shares worth Rs 4.99 cr went to Prime Securities Limited for cash. Paid-up equity capital rose from Rs 147.87 cr to Rs 154.95 cr.
Equity dilution from 7.07 cr new shares; SISCOL acquisition adds a new business line; shares allotted at a premium to face value.