Pokarna gets approval for listing on NSE

Following the Company’s application, NSE on July 4th 2016 approved the listing of the Pokarna’s equity shares under the symbol “POKARNA” and tradeable on the Exchange with effect from July 7th 2016 under rolling settlement.

Jul 05, 2016 02:07 IST India Infoline News Service

Pokarna Limited (Pokarna), one of the largest exporters of finished granite and engineered stone in India with exports to more than 50 countries (incl. Granite & Quartz) globally, has received approval for listing of its shares on the National Stock Exchange (NSE). Established in 1991, Pokarna has been listed on the Bombay Stock Exchange (BSE) since 2003.  
Following the Company’s application, NSE on July 4th 2016 approved the listing of the Pokarna’s equity shares under the symbol “POKARNA” and tradeable on the Exchange with effect from July 7th 2016 under rolling settlement.   
Pokarna Limited, headquartered in Secunderabad, processes granite at its two state-of-the-art manufacturing facilities with raw material majorly sourced from its own quarries. The Company’s Quartz operations are handled by its wholly owned subsidiary Pokarna Engineered Stone Limited.  
Pokarna also manufactures and sells apparels under the brand ‘Stanza’ through its 8 retail shops pan India.
Commenting on the lisitng approval, Gautam Chand Jain, Chairman at Pokarna Limited said “The primary purpose of listing the shares on NSE is to provide a bigger platform and further expand our reach amongst investors. It is also reflective of our endeavor to be more investor friendly. Listing of the scrip on BSE and NSE will also ensure better price discovery.” 

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