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Vaswani Industries promoter group member Smt. Jyotsna Vaswani disclosed receiving 76,975 shares via preferential allotment. Her stake rose from nil to 0.22%.
Vaswani Industries board approved allotment of 16,45,000 equity shares at ₹60/share to seven promoter-group members, raising ₹9.87 Crore. Shares carry an 18-month lock-in.
Vaswani Industries received in-principle approval from BSE and NSE for a preferential issue of 16,45,000 shares to promoters. The minimum issue value is Rs. 9.87 Crore.