Pritish Nandy defers Proposed preferential issue of share warrants

Pritish Nandy Communications Ltd has announced that the pricing of proposed equity shares warrants to be allotted to Artinvest India Pvt Ltd and Ideas.com India Pvt Ltd, entities belonging to the promoter group under Chapter XIII of SEBI (DIP) Guidelines, 2000 is based on the price to be determined under the company's Qualified Institutions Placement (QIP), which is yet to open. Thus, the allotment of the aforesaid share warrants cannot be done till the QIP price is discovered.

Further the Company has informed that, Considering the above, the Company's proposed issue of preferential share warrants to the aforesaid allottees stands deferred.

Source : Equity Bulls

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