De Neers Tools Receives In-Principle Approval for Issuance and Listing of Equity Shares
De Neers Tools Limited, listed under the National Stock Exchange of India Limited (NSE) with the symbol DENEERS, has received in-principle approval for the proposed issue and listing of additional equity shares. The approval was granted by the National Stock Exchange of India Limited (NSE) via a letter dated April 24, 2026.The approval pertains to the listing of a total of 19,20,000 equity shares, detailed as follows:
| Type of Share | Quantity | Face Value (per share) | Source |
|---|---|---|---|
| Equity Shares | 2,40,000 | ₹10 | Direct Issue |
| Equity Shares | 16,80,000 | ₹10 | Conversion of warrants issued on a preferential basis |
The issuance of these shares is subject to compliance with the conditions stipulated by the Exchange and the fulfillment of all applicable regulatory provisions.
The receipt of this in-principle approval enables De Neers Tools Limited to proceed with the proposed capital structure enhancement. The company confirmed that the entire process must adhere to relevant guidelines, including the filing of a subsequent listing application and the fulfilment of all conditions set by the Exchange.
DENEERS Stock Price Movement
On Friday, De Neers Tools Limited shares gained momentum, closing at ₹155.7, which represented a strong 3.08% rally for the day. The stock saw 11,400 shares traded, cementing the positive move for the industrial products maker.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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