P.E. Analytics Secures In-Principle Approval from NSE for Preferential Issue of Equity Shares
P. E. Analytics Limited has received in-principle approval from the National Stock Exchange of India (NSE) for the issuance of equity shares on a preferential basis. The company plans to issue 397,800 Equity Shares with a face value of Rs. 10 each at an issue price of Rs. 201 per share.The in-principle approval pertains to the allotment of these shares to HDFC Capital Advisors Limited, identified as a Non-promoter investor. The issue includes a premium of Rs. 191 on top of the face value.
This preferential issuance is subject to several conditions stipulated by the Exchange. These include filing a listing application from the date of allotment and receiving statutory and other necessary approvals from relevant authorities such as SEBI, RBI, and MCA. Compliance with all applicable guidelines and regulations issued by the Exchange or any statutory bodies must also be maintained until the listing application date.
Key details regarding the preferential share issue are summarized below:
| Financial Metric | Detail |
|---|---|
| Total Equity Shares to be Issued | 397,800 |
| Face Value Per Share | Rs. 10/- |
| Issue Price Per Share (Cash) | Rs. 201/- |
| Premium Per Share | Rs. 191/- |
The NSE's approval outlines specific commitments required from the company regarding internal controls and compliance to prevent contravention of provisions related to trades executed by allottees in the company’s scrip, as per relevant regulations.
PROPEQUITY Stock Price Movement
P. E. Analytics Limited's stock closed on Friday completely unchanged, settling at ₹240 per share. The equity saw a trading volume of 2,400 shares during the previous session.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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