Swaraj Suiting Limited Receives In-Principle Approval from NSE for Migration to Main Board
Swaraj Suiting Limited has secured 'In-Principle approval' from the National Stock Exchange of India Limited (NSE) concerning the migration of its equity shares from the SME Platform to the Capital Market Segment, or Main Board. The company had also previously intimated receiving In-Principle Approval for similar migration status from BSE Limited.The NSE granted the in-principle approval after reviewing the application regarding trading in the company's equity shares. The approval covers 2,64,18,260 equity shares, each valued at Rs. 10/-.
Key details of the share migration and approvals are as follows:
| Detail | Description |
|---|---|
| Company | Swaraj Suiting Limited |
| Current Platform | NSE Emerge (SME Platform) |
| Target Segment | Capital Market Segment (Main Board) of NSE |
| Shares Involved | 2,64,18,260 equity shares |
| Face Value per Share | Rs. 10/- |
The approval granted by the Exchange is valid for a period of 45 days from the date of issuance.
The company has been informed that NSE will issue final approval for the migration upon submission of the listing application, which must include the equity listing agreement.
SWARAJ Stock Price Movement
Today, shares of Swaraj Suiting Limited edged higher, settling at ₹364.65 after rallying by 1.23%. The stock closed strong amid a period of trading volatility in the ₹358 to ₹369.7 range, witnessing a traded volume of 355,000 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.