BSE listing approval for 1.17 crore shares issued on preferential basis
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On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 0.3 pts more than its Pesticides & Agrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Super Crop Safe has received BSE listing approval for 1,17,44,722 equity shares of Rs 2 each, issued to non-promoters on a preferential basis through conversion of a loan. Distinctive numbers run from 40214501 to 51959222. Trading approval will take effect after completing depository and corporate action formalities with NSDL/CDSL.
Share count rises by about 1.17 crore shares via loan-to-equity conversion, which is dilutive for existing shareholders.