Announced Thu, 9 Jul · 19:40 IST
Sanstar gets trading approval for 1.8 crore preferential shares to Corn Products
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SANSTAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.1%1-day move
₹113.60
prior close
₹113.92
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4-0.1-0.5-0.2-0.1-2.0-3.2-1.9-5.1-5.2————
Up moveDown movePending
AI summary
Sanstar Limited has received trading approval from BSE and NSE for 1,80,24,157 equity shares of face value Rs. 2 each, issued at Rs. 110 per share (premium of Rs. 108) on a preferential basis to Corn Products Development Inc., a non-promoter. The shares will be tradable from July 10, 2026, ranking equally with existing shares. All 1.8 crore shares are under lock-in until January 14, 2027. The shares were allotted on June 24, 2026.
Likely market impact
Equity dilution of about 18 percent for existing shareholders. Shares locked until Jan 2027, limiting near-term supply.