Description
NSE announces listing of 48.91 crore equity shares of Davangere Sugar Company Limited allotted under rights issue, effective September 3, 2025.
Summary
The National Stock Exchange has announced the listing of 489,146,178 equity shares of Davangere Sugar Company Limited allotted under a rights issue. These shares will be admitted to trading on the NSE Capital Market segment effective September 3, 2025, at an issue price of Rs. 3.05 per share.
Key Points
- 489,146,178 equity shares to be listed under symbol DAVANGERE
- Shares allotted under rights issue at Rs. 3.05 per share
- Face value and paid-up value: Re. 1 per share
- ISIN: INE179G01029
- Market lot size: 1 share
- Shares will be pari passu with existing equity shares
- No lock-in period applicable
Regulatory Changes
No regulatory changes announced. This is a routine listing notification under NSE Capital Market Trading Regulations.
Compliance Requirements
Members should note the designated security code DAVANGERE for trading purposes. Trading shall be conducted in the specified lot size of 1 share as per NSE regulations.
Important Dates
- Date of Allotment: September 1, 2025
- Listing Effective Date: September 3, 2025
Impact Assessment
Minimal market impact expected as this is a routine listing of rights issue shares. The shares are being listed at a significant premium to face value (Rs. 3.05 vs Re. 1), indicating completed capital raising. The pari passu status ensures no differential treatment between new and existing shares.
Impact Justification
Routine listing of rights issue shares for a single company with no market-wide implications