Sanstar Limited Receives Listing Approval for Preferential Allotment of New Equity Shares
Sanstar Limited has received approval for the listing and trading of a new tranche of equity shares allotted on a preferential basis. The company successfully completed the transaction, with trading of the newly issued securities commencing from Friday, July 10, 2026.The issue involves 180,24,157 equity shares of Sanstar Limited. These shares were issued to Corn Products Development Inc., a non-promoter, at an issue price of Rs. 110 per share. Each share has a face value of Rs. 2 and was allotted with a premium of Rs. 108.
The allotment process for these securities was completed on June 24, 2026. The new equity shares have been ranked pari-passu with the company's existing equity shares.
Key details regarding the preferential issue are summarized below:
| Metric | Detail |
|---|---|
| Total Shares Allotted | 180,24,157 |
| Face Value Per Share | Rs. 2/- |
| Issue Price Per Share | Rs. 110/- |
| Premium Per Share | Rs. 108/- |
| Date of Allotment | June 24, 2026 |
| Lock-in Period End Date | January 14, 2027 |
The new shares are fully listed and permitted to trade following the approval from the stock exchanges.
SANSTAR Stock Price Movement
Today, Sanstar Limited stock closed in positive territory, rising 1.77% to settle at ₹113.36 after hitting a solid finish. The company's shares traded within an intraday range of ₹111.81 to ₹115.43, while a total of 374,038 shares were exchanged throughout the 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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