Intimation of obtaning Listing Approval for 19,20,000 equity shares of Rs. 10/- each issued at a premium of Rs. 54/- each on a preferential basis pursuant to conversion of equity convertible warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nexome Capital Markets has received listing approval from BSE for 19,20,000 equity shares of Rs. 10 face value each, issued at a premium of Rs. 54 (issue price Rs. 64 per share). The shares were issued to both Promoters and Non-Promoters on a preferential basis pursuant to conversion of equity convertible warrants. The shares carry distinctive numbers from 88,15,501 to 1,07,35,500. BSE has granted the listing approval but trading approval is pending submission of NSDL/CDSL confirmation letters regarding credit of shares to beneficiary accounts and lock-in status of pre-preferential holdings. The company must apply for trading approval within seven working days as per SEBI ICDR regulations.
This represents share capital expansion through warrant conversion, diluting existing shareholders. Both promoters and non-promoters participated in the conversion, which could signal confidence from insiders but also increases outstanding share count.