Norben Tea & Exports Limited has informed the Exchange about General Updates
NORBTEAEXP · price
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Norben Tea & Exports Limited has received approval from BSE and NSE for the listing and trading of 12,18,100 equity shares. These shares were issued at Rs. 17 each (face value Rs. 10 plus a premium of Rs. 7) upon conversion of convertible warrants allotted on a preferential basis to non-promoters. The shares are admitted to trading on both exchanges from June 19, 2025, with distinctive numbers from 11750001 to 12968100. The newly listed shares carry a lock-in period of about six months, expiring around December 19-20, 2025, meaning they cannot be sold by holders until then. This increases the company's listed share count and float, though the lock-in restricts immediate selling pressure.
Existing shareholders may see some dilution as more shares enter the market, but the six-month lock-in limits immediate selling pressure. The issue was done at a premium to face value, suggesting confidence in the stock from the allottees.