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| Exchange Disseminated Time 28/10/2015 20:16:36 | J. Kumar Infraprojects Ltd has informed BSE that in respect of the Qualified Institutions Placement, the QIP Issue Committee of the Board has, at its meeting held on October 28, 2015, inter alia, passed the following resolutions:
1. declaring the closure of the Qualified Institutions Placement on October 28, 2015;
2. determining and approving the issue price of Rs. 730 per Equity Share for issuance and allocation of upto 5,606,548 Equity Shares, to eligible qualified institutional buyers in the Qualified Institutions Placement, aggregating to Rs. 40,927.80 lacs. The Company have offered a discount of up to Rs. 23.87 i.e. 3.17% to the Floor Price of Rs. 753.87 in accordance with the proviso to Regulation 85(1) of the SEBI Regulations; and
3. approving and adopting the placement document dated October 28, 2015, in connection with the Qualified Institutions Placement (the "Placement Document"). |
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