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| Exchange Disseminated Time | Sanwaria Agro Oils Ltd has informed BSE that the duly authorized QIP Committee of the Board of Directors of the Company at its meeting held on July 20, 2010 has decided to open the Qualified Institutions placement of equity shares of face value of Re. 1/- each for cash by Sanwaria Agro Oils Limited - ("Company") with qualified institutional buyers under Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2OO9 as amended (the "Issue"), on July 23, 2010.
Outcome of Committee Meeting :
- Take note of consent of the shareholders of the Company to offer the equity shares of the Company ("Equity Shares") to Qualified Institutional Buyers ("QIBs") in terms of Chapter VIII of the Securities and Exchange Board of India (issue of Capital and Disclosure Requirements) Regulations, 2009 ("SEBI Regulations") ("Issue") by way of the resolution dated April 22, 2010.
- Given approval to the Preliminary Placement Document for the issue of equity shares to QIBs through the Issue.
- Taken note that the floor price in respect of the Issue, based on the pricing formula as prescribed under Regulation 85 of SEBI Regulations is Rs. 46.23 per Equity Share, and the Relevant Date for this purpose, in terms of Regulation 81 of the SEBI Regulations is July 20, 2010.
- The Committee has decided to open the Issue on July 23, 2010. |
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