Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

SAL Steel Ltd to issue 48 lakh warrants at Rs. 25 to promoter entity SAL Care Pvt Ltd

Posted On: 2024-05-12 14:03:27 (Time Zone: IST)


The Board of Directors of SAL Steel Limited ("the Company") at its meeting held on May 11, 2024, has inter alia, considered and approved the raising of funds by issue of up to 48,00,000 (Forty Eight Lakhs) Convertible Equity Warrants ("Warrants"), convertible into or exchangeable for, 1 (One) fully paid up Equity Share of the Company, having a face value of ? 10/- (Rupees Ten only) each within the period of 18 months from the date of allotment of Warrants in accordance with the applicable laws, at a price of ? 25/- (Rupees Twenty Five only) per Warrant including Premium of ? 15/- (Rupees Fifteen only) each, being the issue price determined in accordance with the provisions of the Companies Act, 2013, as amended, ("Act"); the Securities and Exchange Board of India (Issue of Capital and Requirements) Regulations, 2018 ("SEBI ICDR Regulations"), as amended from time to time, aggregating up to ? 12.00 Crores (Rupees Twelve Crores only) to the Promoter Allottee SAL Care Private Limited (Company registered under the Indian Companies Act, 1956), on a preferential and private placement basis in accordance with the provisions of Section 42 and Section 62(1)(c) of the Act read with Companies (Prospectus and Allotment of Securities Rules, 2014 and the Companies (Share Capital and Debentures) Rules, 2014, as amended ("Rules"), Chapter V of SEBI ICDR Regulations, SEBI Listing Regulations and such other acts/ rules / regulations as may be applicable and subject to necessary approval of the members of the Company and other regulatory authorities, as may be applicable ("Preferential Issue").

An amount equivalent to 25% of the Warrant Issue Price shall be payable at the time of subscription and allotment of each Warrant and the balance 75% shall be payable by the Warrant holder(s) on the exercise of Warrant(s).

Each Warrant will be convertible into, or exchangeable for, 1 (one) fully paid-up equity share of the Company of face value of ?10 (Rupees Ten Only), which may be exercised in one or more tranches during a period of 18 (eighteen) months commencing from the date of allotment of Warrants.

Shares of S.A.L. Steel Limited was last trading in BSE at Rs. 18.69 as compared to the previous close of Rs. 18.24. The total number of shares traded during the day was 13918 in over 122 trades.

The stock hit an intraday high of Rs. 18.80 and intraday low of 17.55. The net turnover during the day was Rs. 254956.00.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Standard Surfactants Ltd Q3FY25 profit at Rs. 16.17 lakhs

Balkrishna Industries Ltd consolidated Q3FY25 profit rises to Rs. 449.48 crores

NTPC Ltd posts consolidated PAT of Rs. 5062.51 crores in Q3 FY2025

Automotive Stampings and Assemblies Ltd Q3 FY2025 net profit slips to Rs. 3.56 crore

Indo Thai Securities Ltd consolidated Q3FY25 PAT slides to Rs. 55.55 lakhs

SBFC Finance Ltd consolidated Q3 FY2024-25 profit increases to Rs. 88.28 crores

Siyaram Silk Mills Ltd Q3 FY2025 consolidated net profit at Rs. 45.39 crores

JK Cement Ltd reports QoQ increase in consolidated Q3FY25 PAT to Rs. 189.62 crores

New Delhi Television Ltd consolidated Q3FY25 loss widens to Rs. 55.69 crores

Transport Corporation of India Ltd consolidated Q3FY25 PAT slips QoQ to Rs. 100.9 crores

IDFC FIRST Bank reports consolidated PAT of Rs. 340.17 crores in Q3 FY25

Macrotech Developers Ltd Q3 FY25 consolidated net profit jumps to Rs. 944.4 crores

Aptech Ltd's consolidated PAT for Q3FY25 slides to Rs. 3.57 crore

Shish Industries Ltd posts consolidated Q3FY25 profit of Rs. 1.90 crore

Gujarat Ambuja Exports Ltd posts consolidated Q3FY25 profit of Rs. 71.39 crores

Orient Bell Ltd consolidated Q3 FY25 profit at Rs. 97 lakhs

ICICI Bank reports consolidated net profit of Rs. 12883.37 crores in Q3 FY2024-25

Jasch Industries Ltd Q3 FY2025 PAT up QoQ at Rs. 1.69 crore

NTPC Green Energy Ltd consolidated Q3FY25 profit at Rs. 65.61 crores

Sportking India Ltd posts Rs. 16.28 crores net profit in Q3 FY2025

Elegant Marbles and Grani Industries Ltd Q3 FY25 PAT falls to Rs. 57.47 lakhs

Mahaan Foods Ltd Q3 FY2024-25 profit at Rs. 18.02 lakhs

Go Fashion India Ltd Q3 FY2025 PAT increases to Rs. 24.32 crores

YES BANK reports consolidated PAT of Rs. 619.38 crores in Q3FY25

CyberTech Systems and Software Ltd reports consolidated Q3FY25 PAT of Rs. 9.03 crores

Mehai Technology Ltd Q3 FY2024-25 consolidated net profit soars to Rs. 5.45 crores

SBC Exports Ltd posts consolidated PAT of Rs. 3.57 crore in Q3 FY25

Ador Welding Ltd consolidated Q3 FY2025 PAT rises QoQ to Rs. 15.41 crores

Aditya Birla Money Ltd Q3 FY2024-25 PAT drops QoQ to Rs. 21.81 crores

Steel Exchange India Ltd Q3 FY2025 profit at Rs. 15.86 crores

RPG Life Sciences Ltd Q3 FY2025 PAT surges to Rs. 34.93 crores

UGRO Capital Ltd Q3 FY25 net profit at Rs. 37.50 crores

Shakti Pumps India Ltd consolidated Q3 FY2024-25 net profit rises to Rs. 104.05 crores

DLF Ltd posts consolidated PAT of Rs. 1058.73 crores in Q3 FY25

Nureca Ltd posts consolidated Q3FY25 loss of Rs. 2.80 crores

Associated Alcohols and Breweries Ltd Q3 FY2025 PAT jumps to Rs. 26.08 crores

LMW Ltd consolidated Q3 FY2024-25 net profit slides to Rs. 19.30 crores

Alkyl Amines Chemicals Ltd Q3 FY2024-25 net profit at Rs. 43.76 crores

Trident Ltd consolidated Q3 FY2025 PAT slips to Rs. 79.70 crores

Duncan Engineering Ltd Q3 FY2025 PAT declines to Rs. 69.82 lakhs

The First Custodian Fund India Ltd Q3 FY2025 PAT higher at Rs. 59.69 lakhs

GRP Ltd's Q3FY25 consolidated net profit increases to Rs. 4.38 crores

CreditAccess Grameen Ltd consolidated Q3 FY2024-25 loss at Rs. 99.52 crores

Sasken Technologies Ltd posts consolidated net profit of Rs. 9.05 crores in Q3 FY25

Sagar Cements Ltd consolidated Q3FY25 loss at Rs. 55.07 crores

DCB Bank Ltd posts net profit of Rs. 151.44 crore in Q3 FY2025

Ashirwad Steels and Industries Ltd Q3FY25 net profit at Rs. 47.45 lakhs

EMS Ltd posts higher consolidated Q3 FY2025 net profit of Rs. 50.49 crores

Bank of India posts consolidated Q3 FY25 net profit of Rs. 2558.80 crores

Centrum Capital Ltd reports consolidated loss of Rs. 52.28 crores in Q3 FY25


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020