Allotment of 3,40,911 Equity shares of INR 10/- each at a price of INR 22/- per share comprising of premium of INR 12/- each per share, in accordance with the provisions of Chapter V of ....
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Awaiting price reaction for this filing.
Orient Tradelink's board has allotted 3,40,911 equity shares of face value INR 10 each at a price of INR 22 per share (including INR 12 premium), on a preferential basis to six non-promoter individual allottees. The total capital raised is approximately INR 75 lakhs. After this allotment, the company's paid-up equity share capital increases from INR 36.84 crore to INR 37.18 crore, with the public shareholding marginally rising from 99.75% to 99.76% and promoter holding slightly diluting from 0.25% to 0.24%.
This is a small preferential issuance to individual non-promoter investors, resulting in marginal equity dilution (~0.92% increase in share count) with negligible impact on promoter control. The minimal capital raise (~INR 75 lakhs) is unlikely to materially affect the stock price.