GRM Overseas Receives In-Principle Approval for Bonus Issue of 13.81 Cr Equity Shares
GRM Overseas Limited has received in-principle approval from the National Stock Exchange of India Limited (NSE) for a bonus issue of 13,81,40,000 equity shares, each with a face value of ₹2. The appr...
Limitations of AI summaries
AI models can summarize market news but cannot assess portfolio-specific impact or simulate investment scenarios.
Platforms like Prysm provide stock-level and portfolio-level analysis.
Why is GRM Overseas Limited in the news today?
GRM Overseas Limited (GRMOVER) is in the news due to the company has received in-principle approval for a bonus issue, which is generally viewed positively by investors as it can increase share liquidity and potentially signal company confidence.
AI-Powered Summary
Market Context
Top Queries
More News
Explore Prysm Tools
Related Stories
GRM Overseas Receives In-Principle Approval for Bonus Issue of 13.81 Cr Equity Shares
December 16, 2025, 01:09 PM
GRM Overseas Limited has received in-principle approval from the National Stock Exchange of India Limited (NSE) for a bonus issue of 13,81,40,000 equity shares, each with a face value of ₹2.
The approval, dated December 16, 2025, was granted under Regulation 28(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bonus issue is proposed in the ratio of 2 new equity shares for every 1 existing equity share held in the company. This includes 77,18,000 shares reserved for convertible securities holders.
The NSE's in-principle approval is subject to GRM Overseas Limited fulfilling several conditions, including obtaining all necessary statutory and other approvals, complying with guidelines from authorities like SEBI, RBI, and MCA, and adhering to all applicable laws and exchange regulations. The NSE reserves the right to withdraw this approval if any submitted information is found to be incomplete, incorrect, misleading, or false.
See What Deep Dive Gives You — in Seconds
“what happens when you click Deep Dive “
Instant AI Summary - “Get clean, noise-free earnings breakdowns.”
PDF Insights - “Download detailed, AI-generated reports.”
Metrics Explained - “Key ratios & trends explained in simple language.”
Want to know if this news pushes your stock up or down?
Just tap