Callista Industries Receives In-Principle Approval for Preferential Issue of Convertible Warrants and Equity Shares
Callista Industries Ltd has received in-principle approval from BSE Limited regarding the offer and issuance of convertible warrants and equity shares through a preferential issue. This approval enables the company to move forward with the proposed capital raising mechanism involving promoter and non-promoter categories.The preferential issue involves two components: 21,250,000 convertible warrants and 56,50,000 equity shares. Both the warrants and the equity shares are set at an issue price of Rs. 10/- per unit, with a face value of Rs. 10/- each.
The in-principle approval granted by BSE Limited pertains to the issuance of these securities to both Promoter Group and Non-Promoter Category participants as part of the defined preferential issue structure. The approval allows Callista Industries to allot the convertible warrants and Equity Shares on a preferential basis, following Board and Shareholders' approvals.
Key details pertaining to the preferential issue are provided below:
| Security Type | Quantity Offered | Issue Price (per unit) | Face Value (per unit) | Target Category |
|---|---|---|---|---|
| Convertible Warrants | 21,250,000 | Rs. 10/- | Rs. 10/- | Promoter and Non-Promoter |
| Equity Shares | 56,50,000 | Rs. 10/- | Rs. 10/- | Promoter and Non-Promoter |
This in-principle approval is valid for a period of 15 days from the date of approval.
Stock Price Movement
Callista Industries Ltd shares settled at ₹187.45 today, registering a gain of 1.82% in post-market trading. The stock traded completely flat throughout the session, with its intraday high and low remaining identical at ₹187.45.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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