Intimation Regarding Receipt of Approval Letter Received From The Stock Exchange for Listing of 1,18,849 Equity Shares of Rs. 10/- each at a premium of Rs. 154/- Issued to promoter on a ....
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Prime Fresh Ltd has received approval from BSE for listing of 1,18,849 equity shares. These shares have a face value of Rs. 10 each with a premium of Rs. 154, implying an issue price of Rs. 164 per share. The shares were issued to a promoter, which typically occurs during promoter stake-building or conversion of existing holdings into listed shares. This is a standard corporate action making these promoter-held shares eligible for trading on the stock exchange.
This is a routine listing approval for promoter-held shares and is unlikely to have any immediate impact on the stock price or shareholder value. It increases the promoter holding in the listed category.