Description
BSE lists 1.25 crore new equity shares of Reliance Infrastructure Ltd issued to promoters on preferential basis with lock-in until February 2027.
Summary
BSE has listed 1,25,00,000 new equity shares of Reliance Infrastructure Ltd (Scrip Code: 500390) issued to promoters on a preferential basis pursuant to warrant conversion. The shares are available for trading from August 8, 2025, with a lock-in period until February 12, 2027.
Key Points
- 1.25 crore equity shares of Rs. 10/- each issued at premium of Rs. 230/-
- Issue price: Rs. 240/- per share
- Shares issued to promoters on preferential basis through warrant conversion
- Trading commences from Friday, August 8, 2025
- ISIN: INE036A01016
- Distinctive numbers: 502789091 to 515289090
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must note the new securities are available for trading
- Lock-in restrictions apply to all 1.25 crore shares until February 12, 2027
- Shares rank pari-passu with existing equity shares
Important Dates
- Date of Allotment: June 18, 2025
- Trading Start Date: August 8, 2025
- Lock-in Period Ends: February 12, 2027
Impact Assessment
The preferential allotment represents significant equity dilution and increases promoter holdings. The 18-month lock-in period provides stability but restricts immediate liquidity of these shares. Market participants should factor in the additional share count for valuation purposes.
Impact Justification
Significant equity dilution through preferential allotment to promoters with extended lock-in period