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| Exchange Received Time 22/11/2019 21:30:15 Exchange Disseminated Time 22/11/2019 21:30:25 Time Taken 00:00:10 | The QIP Committee at its meeting held today i.e. on 22nd November, 2019, has inter alia, passed the following resolutions:
a. Approved the closure of the issue period for the QIP today i.e. on 22nd November, 2019;
b. Determined and approved the issuance of 1243523 Equity shares of Rs. 10 each at issue price of Rs. 19300 per Equity Share (including a premium of Rs. 19290 per Equity Share), [which is at a discount of 2.56% i.e. Rs. 506.46 per Equity Share to the floor price of Rs. 19806.46 per Equity Share], determined according to the formula prescribed under Regulation 176(1) of the SESI ICDR Regulations, for the Equity Shares to be allotted to eligible qualified institutional buyers pursuant to the QIP;
c. Approved and adopted the placement document dated 22nd November, 2019; and
d. Approved and finalized the confirmation of allocation note ("CAN") to be issued to the eligible qualified institutional buyers, intimating them of allocation of Equity Shares, pursuant to the QIP. |
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