Ganesh Infraworld Receives In-Principle Approval from NSE for Preferential Issue of Equity Shares
Ganesh Infraworld Limited has received in-principle approval from the National Stock Exchange (NSE) for a significant preferential issue of equity shares. The approval pertains to the issuance of 57,12,000 equity shares to Non-promoters through the conversion of warrants.The company confirmed receiving the in-principle approval letter dated July 1, 2026, from NSE Limited regarding the planned share issue. This step relates to converting warrants into equity shares under a preferential basis.
Key details of the sanctioned equity issuance are as follows:
| Detail | Value |
|---|---|
| Total Number of Equity Shares | 57,12,000 |
| Face Value per Share | Rs. 5/- |
| Issue Price per Share | Rs. 90/- |
| Issue Type | Preferential issue to Non-promoters via warrant conversion |
The approval from the Exchange grants Ganesh Infraworld Limited permission for the said issue, subject to several conditions that the company must fulfill. These conditions include filing a listing application at the earliest after allotment, securing statutory and other required approvals, and ensuring compliance with all applicable guidelines and regulations.
NSE provided the in-principle approval, noting that it reserves the right to withdraw the consent if any submitted information is found incomplete, incorrect, misleading, or false. The Exchange also advised that the company strengthen internal controls concerning trades executed by proposed allottees prior to the security allotment date.
GANESHIN Stock Price Movement
Shares of Ganesh Infraworld Limited slipped by 0.91% on Tuesday after settling at ₹92.25, reflecting a drop of ₹0.85 from its previous close. The stock traded amidst volatility during the session, charting a low of ₹90.5 and reaching a day high of ₹96.8, with a total volume of 29,600 shares exchanged.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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