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Board of Sundaram Multi Pap approves issue and allotment of shares to QIBs

Capital Market 

At meeting held on 28 November 2016

announced that the Board of Directors of the Company at its meeting held on 28 November 2016 has approved the issue and allotment of 3 crore equity of face value of Re 1 each to the Qualified Institutional Buyers at the issue price of Rs 4.10 per share including premium of Rs 3.10 per share aggregating Rs 12.30 crore.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 28 2016. 12:22 IST