Lokesh Machines Limited has informed the Exchange regarding ''.
LOKESHMACH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lokesh Machines Limited has received In-Principle approval from both BSE and NSE for issuing securities on a preferential basis. The company will issue 13,00,000 equity shares of Rs. 10/- each and 27,77,919 convertible warrants (each convertible into one equity share of Rs. 10/-) at an issue price of Rs. 181.71/- per share. The equity shares are being issued to non-promoters, while the warrants are being issued to both promoters and non-promoters. The total dilution potential is 40,77,919 equity shares.
This preferential issue will dilute existing shareholder holdings. The issue price of Rs. 181.71 represents a premium to the face value, suggesting confidence in the company's valuation. Warrants conversion will further dilute equity in the future.