Sindhu Trade Links secures BSE, NSE in-principle nod for preferential issue of 30,04,55,030 shares and 9,71,76,757 CCPS
Sindhu Trade Links Limited said it has received in-principle approvals from BSE and the National Stock Exchange of India Limited (NSE) for a preferential allotment of equity shares and Compulsorily Convertible Preference Shares (CCPS). The proposed issuance comprises 30,04,55,030 equity shares and 9,71,76,757 CCPS, each with a face value of Re. 1/ and an issue price not less than Rs. 23.20/ each. The company said the in-principle approvals are procedural and do not amount to approval for listing of the securities. Separate compliance with applicable listing requirements will be required after allotment.