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Vaswani Industries Limited ( (IN:VASWANI) ) has provided an announcement.
Vaswani Industries Limited has received in-principle approval from BSE for the listing of 1.6 million equity shares of ₹10 each issued at a premium of ₹40 per share on a preferential basis to a promoter allottee, aligning with securities listing regulations. This approval, together with an earlier in-principle nod from the National Stock Exchange of India for the same shares, clears a key procedural hurdle for the company’s preferential issue, paving the way for an increase in promoter equity participation and a potential strengthening of the company’s capital structure.
More about Vaswani Industries Limited
Vaswani Industries Limited is an India-listed company whose shares trade on both BSE and the National Stock Exchange of India under the symbol VASWANI, indicating a public corporate presence in the domestic capital markets.
Average Trading Volume: 18,906
Technical Sentiment Signal: Buy
Current Market Cap: 1.7B INR
For a thorough assessment of VASWANI stock, go to TipRanks’ Stock Analysis page.