Description
BSE announces listing of 79.5 lakh new equity shares of Cura Technologies Limited from August 28, 2025.
Summary
BSE has approved the listing of 79.5 lakh new equity shares of Cura Technologies Limited (Scrip Code: 532332) effective from August 28, 2025. The new shares comprise 72 lakh shares from a merger with Catalog IT Solutions Private Limited and 7.5 lakh shares issued to Strategic Resolution Applicant under NCLT-approved resolution plan.
Key Points
- Total 79,50,000 new equity shares of Rs. 10/- each to be listed
- 72,00,000 shares from merger with Catalog IT Solutions Private Limited
- 7,50,000 shares issued at par to Strategic Resolution Applicant and Strategic Investors
- All shares rank pari-passu with existing equity shares
- Trading commences Thursday, August 28, 2025
Regulatory Changes
- ISIN remains unchanged: INE117B01020
- New distinctive numbers allocated: 1950001 to 9900000
- Share capital increase through corporate restructuring and capital infusion
Compliance Requirements
- Trading members informed of new securities availability
- Lock-in period applicable only to resolution plan shares until August 31, 2026
- No lock-in for merger-related shares
Important Dates
- Trading Start Date: August 28, 2025
- Merger Shares Allotment: February 13, 2025
- Resolution Plan Shares Allotment: June 21, 2025
- Lock-in Expiry: August 31, 2026 (for resolution plan shares only)
Impact Assessment
- Significant dilution for existing shareholders with 79.5% increase in share count
- Enhanced liquidity expected with additional shares in market
- Successful completion of corporate insolvency resolution process
- Capital infusion strengthens company’s financial position
Impact Justification
Significant increase in share capital through merger and resolution plan affecting existing shareholders