Z-Tech Receives In-Principle Approval from NSE for Listing 2.05 Lakh Equity Shares
Z-Tech (India) Limited has secured in-principle approval from the National Stock Exchange of India (NSE) regarding the listing of equity shares allotted pursuant to the conversion of warrants issued on a preferential basis.The company confirmed that the NSE granted the requisite in-principle approval for listing 2,05,000 equity shares at a price of Rs. 10/- each. This allotment was made following the conversion of warrants and relates to the preferential issuance activity.
This operational milestone comes as Z-Tech continues its capital structure activities. The NSE granted the in-principle approval after perusing the company's listing application and associated documents.
The successful approval paves the way for the shares to be listed on the exchange, subject to confirmation from depositories such as NSDL and CDSL for the credit of beneficiaries' accounts.
Key details of the listing are summarized below:
| Detail | Value |
|---|---|
| Company Name | Z-Tech (India) Limited |
| Shares Allotted | 2,05,000 Equity Shares |
| Allotment Price per Share | Rs. 10/- |
| Basis of Allotment | Conversion of Warrants (Preferential Basis) |
ZTECH Stock Price Movement
Today, shares of Z-Tech (India) Limited edged higher to settle at ₹525.40 after gaining 1.44% in post-market trading. The company's total traded volume for the day reached 6,000 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.
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