Announced Thu, 11 Dec, 2025 · 18:14 IST
NSE in-principle approval for conversion of 24 lakh warrants to equity shares
TEMBO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Tembo Global Industries received NSE in-principle approval for issuing 24 lakh equity shares of Rs 10 each, arising from conversion of warrants allotted on a preferential basis earlier. The approval is conditional on filing the listing application at the earliest, obtaining statutory approvals, and complying with SEBI and Companies Act rules. Total face value of the new shares works out to about Rs 2.4 crore.
Likely market impact
Share dilution as 24 lakh new shares will be issued. Existing shareholders stake will reduce proportionally. Usually viewed as neutral to slightly negative.