Pune E-Stock Broking receives in-principle approval from BSE for issuing 16 lakh convertible warrants to promoters and non-promoters.
The warrants are priced at ₹234 each, raising ₹37.44 crore, and are convertible into equity shares of face value ₹10.
The approval requires the company to strengthen internal controls and monitor allottee trading to comply with SEBI regulations.