Exchange approval for proposed preferential issue
SAMMAANCAP · price
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Sammaan Capital said NSE and BSE granted in-principle approval for its proposed preferential issue to Avenir Investment RSC Ltd. The issue includes 33,00,00,111 shares at Rs 139 each, raising Rs 45,87,00,15,429, plus 30,66,90,535 warrants, each carrying the right to subscribe to one share at Rs 139. The issue is for cash.
The approval advances the fundraise, but the proposed issue may increase the share count and reduce existing shareholders' ownership.