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Shah Metacorp Ltd ( (IN:SHAH) ) just unveiled an update.
Shah Metacorp Limited, formerly known as Gyscoal Alloys Limited, has received in-principle approval from BSE Limited and the National Stock Exchange of India for a proposed preferential issue of equity shares and warrants. The company plans to issue 6,65,00,000 equity shares to non-promoters, 4,40,00,000 warrants convertible into equity shares to promoters, and 18,93,32,190 equity shares to both promoters and non-promoters as part of a share swap. This move is expected to impact the company’s capital structure and could influence its market positioning and stakeholder interests.
More about Shah Metacorp Ltd
Average Trading Volume: 366,512
Current Market Cap: 2.28B INR
See more insights into SHAH stock on TipRanks’ Stock Analysis page.