Supreme Infrastructure India Limited has informed the Exchange about approval for listing of 71037388 Equity shares of Rs. 10/- each issued on preferential basis.
SUPREMEINF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Supreme Infrastructure India Limited has received exchange approval for the listing of 71,037,388 equity shares of face value Rs. 10 each, which were issued on a preferential basis to select investors. This follows the company's earlier preferential allotment, and the shares will now be tradable on the exchange. These shares typically carry a mandatory lock-in period as per SEBI rules. No pricing details or discount information was disclosed in this filing.
Existing shareholders may see dilution in their holdings once these shares start trading. The float on the stock will increase, which could add near-term supply pressure on the share price.