In-principle approval for listing of 7.1 crore preferential equity shares
SUPREMEINF · price
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Supreme Infrastructure has received BSE and NSE in-principle approval to list 7,10,37,388 equity shares (face value Rs 10 each) issued on a preferential basis at a premium of Rs 76.94 per share to promoter and non-promoter. Effective issue price works out to about Rs 86.94 per share. The shares will be admitted to trading once NSDL and CDSL confirm credit to beneficiary accounts.
Share count expands by 7.1 crore shares, diluting existing shareholders once trading begins. Capital was raised at about Rs 86.94 per share.