Description
BSE lists 15 lakh new equity shares of Oriental Rail Infrastructure Limited issued to promoters on preferential basis with lock-in period until February 2027.
Summary
BSE has approved the listing of 15,00,000 new equity shares of Oriental Rail Infrastructure Limited (Scrip Code: 531859) issued to promoters on a preferential basis. The shares were issued at Rs. 169/- each (face value Re. 1/- + premium Rs. 168/-) pursuant to conversion of warrants and will commence trading from August 19, 2025.
Key Points
- 15,00,000 new equity shares of Re. 1/- each issued at premium of Rs. 168/-
- Shares issued to promoters on preferential basis through warrant conversion
- New shares rank pari-passu with existing equity shares
- Trading commences from Tuesday, August 19, 2025
- Issue price: Rs. 169/- per share
- ISIN: INE457G01029
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for preferential allotment following warrant conversion.
Compliance Requirements
- Trading members informed of new security listing
- Shares subject to lock-in restrictions as per SEBI regulations
- Company must comply with ongoing listing obligations
Important Dates
- Allotment Dates:
- June 27, 2025: 5,00,000 shares (Dist. Nos. 64559001 to 65059000)
- July 12, 2025: 10,00,000 shares (Dist. Nos. 65059001 to 66059000)
- Trading Commencement: August 19, 2025
- Lock-in Expiry: February 28, 2027
Impact Assessment
Minimal immediate market impact expected as all 15,00,000 shares are subject to lock-in until February 28, 2027. The preferential allotment to promoters increases their stake in the company. Trading volumes and liquidity remain unaffected in the near term due to the lock-in restrictions.
Impact Justification
Standard preferential allotment to promoters with minimal market impact due to lock-in period