Sanstar Limited Receives In-Principle Approval for Preferential Issue of Shares
Sanstar Limited has secured 'in-principle' approval from both the BSE and National Stock Exchange of India Limited (NSE) regarding its planned preferential issuance of equity shares. The company is moving forward with the issue to Corn Products Development Inc., a non-promoter, as part of this capital transaction.The approval covers the issuance of 1,80,24,157 Equity Shares for cash on a preferential basis. These shares were issued at an issue price of Rs. 110/- per share. The shares have a face value of Rs. 2/- each, carrying a premium of Rs. 108/- per equity share.
The approval granted by both exchanges pertains to the issuance of these specific equity shares as outlined in earlier intimation dated May 25 and May 28, 2026.
Key details of the preferential share issue are summarized below:
| Detail | Value |
|---|---|
| Company Name | Sanstar Limited |
| Allottee | Corn Products Development Inc. (Non-promoter) |
| Total Equity Shares Offered | 1,80,24,157 |
| Face Value per Share | Rs. 2/- |
| Issue Price per Share | Rs. 110/- |
| Premium per Share | Rs. 108/- |
Sanstar Limited confirmed that the in-principle approval has been received from BSE Limited and NSE, covering the issuance of these shares to Corn Products Development Inc. The company ensured compliance with all applicable statutory requirements related to the transaction.
SANSTAR Stock Price Movement
Sanstar Limited shares slipped today, closing down 2.29% to settle at ₹115.08 in post-market trading. The stock concluded the session with a total traded volume of 124,959 shares.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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