Emerald Leisures (BSE: 507265) has received in-principle approval from the Bombay Stock Exchange for the issuance of 29,68,000 convertible warrants on a preferential basis to promoters and non-promoters.
Key Details of the Issue
| Aspect | Details |
| Number of Warrants | 29,68,000 |
| Issue Price per Warrant | ₹225.00 |
| Total Issue Size | ₹66.78 crore |
| Face Value per Warrant | ₹5.00 |
| Premium per Warrant | ₹220.00 |
| Allottees | Promoters and Non-Promoters |
Regulatory Requirements and Next Steps
As part of the process, the company is required to:
- Obtain separate listing approval for securities arising from warrant conversion.
- Secure applicable statutory approvals.
- Comply with governing regulations, including:
- Companies Act, 2013
- Securities Contracts (Regulation) Act, 1956
- SEBI Act, 1992
- Depositories Act, 1996
- SEBI (ICDR) Regulations, 2018
- SEBI (LODR) Regulations, 2015
Additionally, the company must file the listing application within 20 days from the date of allotment.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.