|
| Exchange Received Time 07/05/2018 19:31:06 Exchange Disseminated Time 07/05/2018 19:31:13 Time Taken 00:00:07 | We wish to inform you that in respect of the QIP, the Capital Raising Committee (the 'Committee') of the Company has at its meeting held today i.e. May 7, 2018, inter alia passed the following resolutions:
1. Approved and declared closure of the QIP today i.e. May 7, 2018;
2. Determined and approved the issue price of Rs. 377/- per Equity Share (including a premium of Rs. 367/- per Equity Share), after giving discount of 4.83% i.e. Rs. 19.13 per Equity Share, to the Floor Price of Rs. 396.13 per Equity Share as per the SEBI ICDR Regulations and shareholders' approval at the annual general meeting held on September 25, 2017, for the Equity Shares to be issued and allotted to eligible Qualified Institutional Buyers in the QIP;
3. Approved and adopted the Placement Document dated May 7, 2018 in connection with the QIP; and
4. Approved the Confirmation of Allocation Note for the allocation of 26,52,520 Equity Shares to the aforementioned Qualified Institutional Buyers.
|
|
|