Description
BSE permits trading of 15 lakh new equity shares of Oriental Rail Infrastructure Limited issued to promoters through warrant conversion, effective August 19, 2025.
Summary
BSE has approved the listing and trading of 15,00,000 new equity shares of Oriental Rail Infrastructure Limited (Scrip Code: 531859) issued to promoters through conversion of warrants. The shares will commence trading on August 19, 2025, at an issue price of Rs. 169 per share.
Key Points
- 15,00,000 equity shares of Re. 1/- each issued at premium of Rs. 168/-
- Issued to promoters on preferential basis pursuant to warrant conversion
- Shares rank pari-passu with existing equity shares
- Trading commences August 19, 2025
- ISIN: INE457G01029
- Two separate allotment dates: June 27, 2025 and July 12, 2025
Regulatory Changes
No regulatory changes. Standard listing procedure for preferential issue following warrant conversion.
Compliance Requirements
- Trading members can trade these securities from August 19, 2025
- Shares subject to lock-in period until February 28, 2027
- All 15,00,000 shares (Dist. Nos. 64559001 to 66059000) are locked-in
Important Dates
- Allotment Dates: June 27, 2025 (5 lakh shares) and July 12, 2025 (10 lakh shares)
- Trading Commencement: August 19, 2025
- Lock-in Expiry: February 28, 2027
Impact Assessment
Minimal market impact expected as this is a routine preferential allotment to promoters with standard lock-in restrictions. The shares cannot be traded by allottees until February 2027, limiting immediate supply pressure. Represents capital infusion for the company through warrant conversion.
Impact Justification
Routine listing of preferential shares with standard lock-in period, limited market impact