Sanstar Limited receives Listing Approval from BSE and NSE for Equity Shares Allotted to Corn Products Development Inc.
Sanstar Limited has secured listing approvals from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) for a tranche of equity shares allotted on a preferential basis. The shares were issued to Corn Products Development Inc., identified as a Non-promoter entity.The company received listing approval from BSE limited regarding the allotment of 1,80,24,157 equity shares. Concurrently, NSE granted in-principle approval for the listing of these shares on its exchange.
Details of the share issue and the respective approvals are as follows:
| Parameter | Detail |
|---|---|
| Shares Allotted | 1,80,24,157 Equity Shares |
| Face Value per Share | Rs 2/- (Rupees Two Each) |
| Cash Issue Price | Rs 110/- (Rupees One Hundred and Ten Only) |
| Premium per Share | Rs 108/- (Rupees One Hundred and Eight Only) |
| Allottee Entity | Corn Products Development Inc. |
The shares, which bear distinctive numbers from 182244251 to 200268407, were issued on a preferential basis with the agreed-upon terms.
In relation to the listing process, the National Stock Exchange of India confirmed In-Principle approval for the shares, noting that the final admission and trading on the exchange is contingent upon receiving confirmation from the depositories (NSDL/CDSL) regarding the credit of beneficiaries' accounts.
SANSTAR Stock Price Movement
Sanstar Limited shares today slipped by 0.80% to settle at ₹119.18, closing lower from its previous close. The stock traded within an intraday range of ₹117.21 to ₹121.09, with a volume totaling 281,024 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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