We wish to inform you that BSE has granted trading approval letter for 3,50,00,000 equity shares of Re. 1/- each at an issue price of Rs. 12/- (Including premium of Rs. 11/-) each to the ....

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

BSE granted trading approval for 3,50,00,000 equity shares of face value Re. 1/- each at an issue price of Rs. 12/- per share (including a premium of Rs. 11/-). This indicates a follow-on share issuance or offer for sale by the company. The full details of the issuance — including the allottee, purpose of funds, and whether it was a rights issue, QIP, or promoter stake sale — could not be retrieved as the original filing page was inaccessible. The issue size implied is approximately Rs. 42 crore (3.5 crore shares × Rs. 12).

Likely market impact

Shareholders should monitor for further announcements on share allocation and use of proceeds, as the complete context of this issuance was not available from the document.