In-principle approval for preferential issue of 80 lakh shares and warrants
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Samyak International received BSE in-principle approval for issuing 40 lakh equity shares of Rs. 10 each at not less than Rs. 17 to promoters and non-promoters on a preferential basis via private placement. Additionally, 40 lakh convertible warrants at the same minimum price of Rs. 17 have been approved. Total potential dilution is up to 80 lakh shares. The issue is a private placement and not open to public investors.
Preferential allotment to promoters and select investors will dilute existing shareholders. Warrants add future dilution risk once exercised.