NSE Grants In-Principle Approval for GP Eco Solutions' Preferential Equity Issue
GP Eco Solutions India Limited has received in-principle approval from the National Stock Exchange of India (NSE) regarding a preferential issue of equity shares and warrants. This approval relates to the issuance of new equity stock following the conversion of existing warrants.The company secured the approval for the differentiated share issuances, with both sets of shares carrying a face value of ₹10/- each. The particulars of the approved issue are detailed below:
| Share Type | Number of Shares | Face Value per Share |
|---|---|---|
| Equity Shares (Issue 1) | 5,36,000 | ₹10/- |
| Equity Shares (Issue 2) | 28,47,000 | ₹10/- |
The approval granted by the Exchange pertains to the issue of these shares pursuant to the conversion of warrants, falling under Regulation 28(1) of the SEBI regulations.
The issuance provides an avenue for GP Eco Solutions India Limited to continue its capital restructuring and expansion plans through this preferential offer.
GPECO Stock Price Movement
As of 11:38 AM, shares of GP Eco Solutions India Limited are edging higher to ₹422.50, rallying by 2.11% in live trading after gaining ₹8.75. The stock is seeing active interest, with a reported volume of 2,200 shares traded so far this morning.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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