Veer Global Infraconstruction Ltd Listing 8,00,000 Equity Shares Following Loan Conversion
Veer Global Infraconstruction Ltd has seen its securities listed on an exchange, following the issuance of new equity shares generated through the conversion of unsecured loans into equity. The listing is effective from Friday, July 24, 2026, marking a key development for the company.The preferential allotment involved the issuance of 8,00,000 equity shares to Non-Promoters. These shares were issued following the conversion of outstanding unsecured loans and rank pari-passu with the company's existing equity shares. The total number of shares issued through this process is 8,00,000.
The financial details pertaining to these newly listed securities are detailed below:
| Security Details | Allotment Details | Lock-in Requirements |
|---|---|---|
| Number of Shares | 8,00,000 equity shares of Rs. 10/- each issued at a premium of Rs.75/-, to Non-Promoters on a preferential basis pursuant to conversion of loan. | Lock-in upto: 23/01/2027 |
| Distinctive Nos. | 16243421 to 17043420 | N/A |
| Date of Allotment | 22/06/2026 | N/A |
| Issue Price | Rs. 85/- | N/A |
The company's shares are now listed and permissible to trade on the Exchange with effect from July 24, 2026. The securities were allotted pursuant to the conversion of unsecured loans into equity shares issued on a preferential basis.
Stock Price Movement
At 13:14, Veer Global Infraconstruction Ltd is ticking down after slipping ₹0.75 or 0.55%, settling at ₹134.85.The shares traded during the session within a range, peaking at ₹138.85 and finding their low as the day closed at ₹134.80.
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