B.A.G. Films Promoter Shares Approved for Listing on BSE, NSE

MEDIA-AND-ENTERTAINMENT
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AuthorAnanya Iyer|Published at:
B.A.G. Films Promoter Shares Approved for Listing on BSE, NSE
Overview

B.A.G. Films and Media Ltd has received approval from BSE and NSE to list 98,00,000 equity shares. Issued to the promoter group from converted warrants at ₹8.25 each, these shares become active on May 19, 2026. The issuance raises the company's equity capital by about ₹8.08 crore and boosts its public float, though these shares are under a lock-in period until November 2027.

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B.A.G. Films and Media Ltd has received final approval from both the BSE and the National Stock Exchange of India (NSE) to list and trade 98,00,000 equity shares. The shares are scheduled to become effective on May 19, 2026.

These shares were issued to the promoter group on a preferential basis following the conversion of warrants. The conversion price was ₹8.25 per share, comprising a ₹2 face value and a ₹6.25 premium. The total proceeds from this issuance amount to ₹8,08,50,000, and the company's equity share capital will increase by ₹1,96,00,000 based on the face value.

This listing is expected to enhance the company's public float, potentially leading to increased trading volume and market liquidity. It also solidifies the promoter group's stake, reflecting their ongoing commitment.

The promoter group's newly acquired shares will be subject to a lock-in period that expires on November 27, 2027. Until this date, trading in these specific 98,00,000 shares will be restricted.

Investors will be monitoring the company's trading debut and subsequent price movements. They should also watch for further announcements regarding B.A.G. Films' operational plans and strategies for utilizing the increased capital.

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