Sadhana Nitrochem Secures In-Principle Approvals from BSE and NSE for Massive Preferential Issue
Sadhana Nitrochem Limited has received in-principle approvals from both the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) regarding a planned preferential issue of equity shares.The approval concerns the proposed issuance of 6,75,00,000 Equity shares at a price of Re. 1/- each.
The company announced this update following receipt of the in-principle approval letters from both exchanges for the transaction.
Details of the planned preferential issue are as follows:
| Detail | Value |
|---|---|
| Company | Sadhana Nitrochem Limited |
| Event | Preferential Issue of Equity Shares |
| Number of Shares | 6,75,00,000 |
| Issue Price | Re. 1/- each |
The approval from the stock exchanges paves the way for the company to proceed with the issuance in compliance with all applicable laws and regulations governing corporate finance transactions.
SADHNANIQ Stock Price Movement
Shares of Sadhana Nitrochem Limited today slipped by 1.12% to settle at ₹2.66, closing down one point from the previous close. The company traded a total volume of 1.47 million shares during the trading 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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