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The latest update is out from GRM Overseas Ltd. ( (IN:GRMOVER) ).
GRM Overseas Ltd. has received trading approval from the National Stock Exchange of India and BSE Limited for 23,154,000 new equity shares with a face value of Rs. 2 each. These shares will be listed and admitted to dealings on the exchanges from May 27, 2026, expanding the company’s freely tradable equity base.
The approved shares comprise 7,718,000 equity shares issued on a preferential basis to promoters and non-promoters following the conversion of warrants, along with 15,436,000 bonus shares allotted in a 2:1 ratio on those shares. The listing of these additional shares increases liquidity in GRM Overseas’ stock and reflects the completion of a capital-raising step via warrant conversion alongside a shareholder-friendly bonus issue.
More about GRM Overseas Ltd.
GRM Overseas Ltd. is a publicly listed Indian company whose shares trade on both the Bombay Stock Exchange and the National Stock Exchange under the symbol GRMOVER. The company operates within India’s capital markets as an equity issuer and has an established base of promoters and non-promoter shareholders participating in preferential allotments.
Average Trading Volume: 45,505
Technical Sentiment Signal: Strong Buy
Current Market Cap: 29.87B INR
For a thorough assessment of GRMOVER stock, go to TipRanks’ Stock Analysis page.