Cranes Software International Ltd. has received approval for the listing of 4 crore new equity shares.

These shares, each with a face value of Rs. 2 and issued at a premium of Rs. 2.57, were initially allotted to promoters on a preferential basis through the conversion of warrants.

The total value of these newly listed shares, based on face value, is Rs. 8 Cr, with an additional premium collected of Rs. 10.28 Cr.

This development makes the shares available for trading, potentially increasing market liquidity and reflecting a solidified promoter holding within the company.