Windsor Machines Limited has informed the Exchange about Intimation Of In-Principle Approval For Issue Of 737680 Equity Shares Of Rs. 2/- Each On Preferential Basis, Received From National Stock Exchange Of India Limited And BSE Limited
WINDMACHIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Windsor Machines Limited has received in-principle approval from both NSE and BSE to issue 737,680 equity shares with a face value of Rs. 2 each on a preferential basis. This is only the exchange approval and not the actual allotment of shares. The total face value of the proposed issue works out to about Rs. 14.75 lakh, though the actual price will depend on the terms of the preferential allotment. Details of the allottee(s) and the issue price have not been mentioned in this filing. Shareholders will need to watch for the next filing with the final terms and allotment details.
A small preferential issue that may lead to mild dilution for existing shareholders. The actual impact on the stock will depend on the issue price and the identity of the allottee, which are not disclosed in this filing.