On 23 September 2016Dwarikesh Sugar Industries announced that in respect of the QIP, the Securities Issue Committee of the Company at its meeting held on 23 September 2016 has, inter alia approved the following:
1. Closure of the bid on 23 September 2016;
2. The Placement Document via resolution passed by the Securities Issue Committee and other incidental activities on the subject matter;
3. The issue price of Rs. 236.11 per Equity Share (including premium of Rs. 226.11 per Equity Share), after giving discount of Rs. 12.42 per Equity Share to the floor price of Rs. 248.53 per Equity Share as per the SEBI ICDR Regulations, for the Equity Shares to be issued and allotted to eligible Qualified Institutional Buyers in the Issue; and
4. Approval for the issue of Confirmation of Allocation Note (CAN) for the allocation of 2,515,471 Equity Shares to Qualified Institutional Buyers.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)