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| Exchange Received Time 13/03/2018 14:37:05 Exchange Disseminated Time 13/03/2018 14:37:15 Time Taken 00:00:10 | Sub: Qualified institutions placement of equity shares
In respect of the QIP, the Committee at its meeting held today i.e. March 13, 2018 has inter alia passed the following resolutions:
a.Approved the closure of the issue period of the QIP today i.e. March 13, 2018;
b.Determined and approved the issue price of Rs. 158.60 per Equity Share (including a share premium of Rs. 148.60 per Equity Share) which is at a discount of 1.97 % (i.e. Rs. 3.19 per Equity Share), to the floor price of Rs. 161.79 per Equity Share, aggregating up to Rs. 10,000 million.
c.Approved and adopted the placement document dated March 13, 2018
Further, in relation to the QIP, we propose to file the Placement Document with your office today.
The meeting of the Committee commenced at 2:00 PM and concluded at 2:30 PM. |
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