iStreet Network Secures BSE Listing Approval for Preferentially Issued Equity Shares
iStreet Network Ltd has received listing approval from the Bombay Stock Exchange (BSE) Limited concerning 10,83,334 equity shares issued to non-promoters on a preferential basis following the conversion of warrants. This approval pertains to the trading of these specific shares on the exchange.The BSE confirmed the granting of listing approval for the matter in response to the company's application. The transaction details regarding the newly listed shares are as follows:
| Metric | Detail |
|---|---|
| Shares Issued | 10,83,334 |
| Share Issue Price | Rs. 4/- each |
| Premium per Share | Rs. 2/- |
| Issuance Basis | Preferential to non-promoters pursuant to warrant conversion |
The granting of this approval marks a key procedural step for iStreet Network Ltd regarding the aforementioned equity tranche. The shares were issued at a premium of Rs. 2/-, with the issue price set at Rs. 4/- per share, as detailed in the documentation provided by the BSE.
Stock Price Movement
iStreet Network Ltd shares finished the day settling at ₹46.40, marking a positive movement of 2.88%. The stock navigated through its session range, trading between an intraday low of ₹45.10 and a high of ₹47.00.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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