Almondz Global Securities Receives In-Principle Approval for Preferential Issue of Warrants
Almondz Global Securities Limited has received in-principle approval from both the BSE and National Stock Exchange of India (NSE) for a proposed preferential issue. The securities relate to warrants convertible into equity shares, which are designated for issuance to non-promoters.The company was granted this preliminary clearance by the exchanges following submissions related to the capital raising activity. The approval specifically concerns the issue of 80 lakh warrants. These warrants are convertible into 80 lakh equity shares of Rs. 1/- each, provided they are issued at a price not less than Rs. 16.58/- per equity share.
The in-principle approval for this capital event comes from both the BSE Limited and the National Stock Exchange of India Limited. The exchanges granted the clearance based on the terms proposed for the securities issue to non-promoters.
Key details regarding the preferential issue are summarized below:
| Detail | Specification |
|---|---|
| Issuer | Almondz Global Securities Limited |
| Security Type | Warrants convertible into equity shares |
| Number of Warrants | 80,00,000 |
| Convertible Equity Shares | 80,00,000 |
| Face Value per Share | Rs. 1/- each |
| Issue Price (Minimum) | Not less than Rs. 16.58/- per equity share |
| Allottees | Non-promoters on a preferential basis |
ALMONDZ Stock Price Movement
As of 11:31 AM in live market activity, shares of Almondz Global Securities Limited are shedding value, currently sitting at ₹13.30 after slipping 0.37%. The stock sees considerable interest during intraday trading, with 38,217 shares traded so far this session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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