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| Exchange Received Time 25/01/2018 20:20:39 Exchange Disseminated Time 25/01/2018 20:20:44 Time Taken 00:00:05 | We wish to inform you that in respect of the QIP Offering, the Project Funding Committee (the 'Committee') of the Company has at its meeting held on January 25, 2018, inter alia approved the following:
1. Closure of the Bid on today i.e. January 25, 2018;
2. The issue price of Rs. 264.00, after giving discount of 4.80% i.e Rs. 13.30 per Equity Share, to the Floor Price of Rs. 277.30 per Equity Share as per the SEBI ICDR Regulations and shareholders' approval vide postal ballot held on January 16, 2018, for the Equity Shares to be issued and allotted to eligible Qualified Institutional Buyers in the QIP; and
3. Approved and adopted the placement document dated January 25, 2018, in connection with the QIP
4. Approval of issue of Confirmation Allocation Note for the allocation of 56,81,775 Equity Shares to the Qualified Institutional Buyers.
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