OnEMI Technology Solutions gets NSE and BSE in-principle approval for preferential issue
Onemi Technology Solutions Ltd · Finance
What the filing says
- Approval for up to 2,64,93,882 equity shares at INR 314.11 per share, aggregating up to INR 8,32,19,93,275.02
- Conditions include filing the listing application at the earliest from allotment and obtaining statutory approvals including SEBI, RBI and MCA
- NSE may withdraw approval if information is found incorrect or misleading; company advised to obtain allottee undertakings before allotment
Why it's rated notable: In-principle approvals from NSE and BSE for a preferential issue aggregating INR 8,32,19,93,275.02 are non-binding and subject to allotment and conditions, so the level is capped at medium although the amount is about 14% of the stated market value of ₹5,875 crore.
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Receipt Of In-Principle Approvals For The Proposed Preferential Issue On A Private Placement Basis.
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More from Onemi Technology Solutions Ltd
- Fundraise / allotmentNotableOnEMI Technology Solutions clarifies pricing of preferential issue of 2,64,93,882 shares
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- Fundraise / allotmentNotableOnEMI Technology board approves preferential issue of up to 2,64,93,882 shares
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.