Norben Tea & Exports Limited has informed the Exchange about Trading approval for 368000 equity shares allotted pursuant to preferential issue of convertible warrants.
NORBTEAEXP · price
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Norben Tea & Exports Limited has received trading approval from both NSE and BSE for 368,000 new equity shares that were allotted upon conversion of convertible warrants issued on a preferential basis. The shares have a face value of Rs. 10 each and were issued at Rs. 17 per share, reflecting a premium of Rs. 7. They were allotted to non-promoters and carry distinctive numbers from 12968101 to 13336100. The new shares are admitted to trading on both exchanges from August 14, 2025, and are subject to a lock-in period until March 1, 2026.
This increases the company's share count and represents a small dilution for existing shareholders. Since these shares are locked in until March 2026, there is no immediate selling pressure, but investors should track the lock-in expiry as a potential overhang on the stock.