Description
BSE announces listing of 6 million new equity shares of Choice International Ltd issued through warrant conversion, effective August 14, 2025.
Summary
BSE has announced the listing of 6 million new equity shares of Choice International Ltd (Scrip Code: 531358) effective August 14, 2025. These shares were issued through conversion of warrants on a preferential basis to non-promoters.
Key Points
- 6 million equity shares of Rs. 10/- each issued at Rs. 290/- premium
- Issue price: Rs. 300/- per share
- Shares rank pari-passu with existing equity shares
- Allotment date: June 4, 2025
- Trading commencement: August 14, 2025
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
Trading members are informed about the new securities listing and trading permissions.
Important Dates
- Allotment Date: June 4, 2025
- Trading Start: August 14, 2025
- Lock-in Period End: February 14, 2026
Impact Assessment
Minimal market impact as this is a standard equity listing from warrant conversion. The shares are subject to lock-in until February 14, 2026, limiting immediate trading volume impact.
Impact Justification
Routine equity share listing with standard lock-in provisions