INTIMATION OF LISTING APPROVAL RECIEVED FROM BSE LIMITED FOR 6,50,000 EQUITY SHARES OF RS 10/- EACH ISSUED AT PREMIUM OF RS 197/- EACH ISSUED TO PROMOTERS ON A PREFERENTIAL BASIS PURSUANT ....
MODINATUR · price
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Modi Naturals Ltd has received listing approval from BSE for 6,50,000 equity shares of Rs. 10 face value each, issued at a premium of Rs. 197 per share (total Rs. 207 per share) to the promoters on a preferential basis. These shares are being listed following the conversion of warrants previously held by the promoters. The shares have distinctive numbers from 12656398 to 13306397. Trading approval will be granted only after the company also secures listing approval from NSE (if applicable) and submits confirmation from NSDL/CDSL regarding crediting the shares to beneficiary accounts.
This is a procedural listing step following promoter warrant conversion, resulting in an increase in the promoter shareholding and paid-up capital of the company. The shares will become tradeable on BSE only after further compliance steps are completed, so there is no immediate supply overhang for retail investors.