Iris Clothings Limited Receives In-Principle Approval for Preferential Issue of Equity Shares
Iris Clothings Limited has received in-principle approval from the National Stock Exchange of India Limited (NSE) for a preferential allotment of equity shares to non-promoter category members. The issue pertains to 77,08,183 equity shares, with a face value of INR 2/- each, and the transaction value totaling INR 32,12,00,000.The preferential issue has been structured for non-cash consideration. The company has secured the necessary in-principle approval for the proposed issue, as communicated by the Exchange.
Key details regarding the preferential allotment are summarized below:
| Financial Parameter | Details |
|---|---|
| Number of Equity Shares | 77,08,183 |
| Issue Price per Share | INR 41.67/- |
| Face Value per Share | INR 2/- |
| Total Aggregate Consideration | INR 32,12,00,000 |
The company is now positioned to move forward with the allotment process, having received the in-principle sanction from the NSE regarding the issue of shares to the non-promoter category.
IRISDOREME Stock Price Movement
Today, shares of Iris Clothings Limited slipped by 2.05%, closing at ₹56.89 as the market settled for the day. The stock saw a trading volume of 971,325 shares during post-market activity.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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