Falcon Technoprojects India Limited Announces Odd Lot Trading Restrictions Following Rights Issue
Falcon Technoprojects India Limited has announced that odd lots of shares will not be tradable on the National Stock Exchange of India Limited following a planned rights issue. The company intends to undertake a rights issue in a ratio of 4:1, meaning for every equity share held, four new shares will be issued.The existing market lot for trading equity shares is currently 1,200 shares. The rights issue may result in some shareholders holding share quantities that are not multiples of this market lot, creating odd lots.
Shareholders holding these odd lots will be unable to trade them on the exchange. The company has acknowledged and confirmed that these odd lots arising from the rights issue will not be tradable on the National Stock Exchange of India Limited.
Bharat Shreekishan Parihar, Managing Director, confirmed the announcement.
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