Indong Tea Gets BSE Nod to List 44.2 Lakh Shares Issued Through Preferential Issue
By Ankur Chandra | Published at: Jun 2, 2025 05:36 PM IST
Mumbai | June 2, 2025: Indong Tea Company Ltd (BSE: 543769) has secured approval from BSE Limited for listing and trading of 44,20,000 equity shares allotted through a preferential issue. These shares are priced at ₹30 each, comprising a face value of ₹10 and a premium of ₹20. Trading of these shares will commence from June 2, 2025.
Key Details
| Particulars | Details |
|---|---|
| Number of shares allotted | 44,20,000 |
| Issue price per share | ₹30 (Face value: ₹10 + Premium: ₹20) |
| Total consideration raised | ₹13.26 crore |
| Allottees | Promoter Group & Non-Promoters |
| Listing and trading effective date | June 2, 2025 |
| Exchange approval date | May 30, 2025 |
| Distinctive numbers | 15001049 to 19421048 |
This preferential issue was announced earlier on February 13, 2025. The shares were allotted to entities within the promoter group as well as select non-promoter investors. The move aims to strengthen Indong Tea’s capital base and support its future growth plans.
Exchange Confirmation
BSE’s formal letter (Ref No. LOD/PREF/SV/2/2025-2026 dated May 30, 2025), signed by Senior Manager Sabah Vaze, confirms that the shares will be listed and tradable from June 2. The letter acknowledges all necessary filings and directs members to BSE Notice No. 20250530-14 for further operational details.
About Indong Tea Company Ltd
Based in Kolkata, Indong Tea Company Limited specializes in the cultivation, processing, and sale of tea, with estates located in Jalpaiguri district, West Bengal. The company is focused on expanding production capacity while maintaining sustainable agricultural practices.
This preferential share allotment will provide fresh capital to back the company’s operational needs and strategic initiatives in the competitive Indian tea market.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/8a84516d-03da-4ecb-96ac-c9a7af12bbe3.pdf
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. Every effort is made to ensure the accuracy, relevance, and timeliness of the information provided. However, inadvertent errors or omissions may occasionally occur.
Should you have any concerns, queries, or wish to point out any discrepancies in our content, please write to us at content@hdfcsec.com. Your feedback is valuable and helps us maintain the highest standards of content integrity.
Please note that the information shared is intended solely for informational purposes and should not be construed as investment advice. Users are advised to consult their financial advisors before making any investment decisions.
