Description
57,33,713 equity shares of Parag Milk Foods Ltd issued pursuant to conversion of FCCBs will be listed and admitted for trading with effect from November 6, 2025.
Summary
BSE has announced the listing of 57,33,713 equity shares of Parag Milk Foods Ltd (Scrip Code: 539889) issued pursuant to conversion of Foreign Currency Convertible Bonds (FCCBs). The shares will be listed and admitted for trading with effect from Thursday, November 6, 2025. These shares rank pari-passu with existing equity shares.
Key Points
- Total shares being listed: 57,33,713 equity shares of Rs. 10/- each
- Issue price: Rs. 135/- per share (Face value Rs. 10 + Premium Rs. 125)
- Reason for issuance: Conversion of Foreign Currency Convertible Bonds (FCCBs)
- ISIN Number: INE883N01014
- Distinctive Numbers: 119375842 to 125109554
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
Trading members of the Exchange are informed to take note of the listing of these new securities for trading purposes.
Important Dates
- Date of Allotment: September 29, 2025
- Trading Commencement Date: November 6, 2025 (Thursday)
- Circular Date: November 4, 2025
Impact Assessment
This is a routine listing following FCCB conversion with minimal market impact. The new shares represent approximately 5.7 million shares being added to the tradable stock. The shares rank pari-passu with existing equity, ensuring no dilution of shareholder rights. Market participants should factor in the increased float when trading the stock from November 6, 2025 onwards.
Impact Justification
Routine listing of equity shares post FCCB conversion with minimal market impact