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Under QIP issuePremier Explosives announced that the Securities Allotment Committee of the Board of Directors of the Company at its meeting held today i.e. on 20 May 2017, inter - alia, approved the following -
Allotment of 16,51,000 equity shares of face value of Rs. 10/- at issue price of Rs. 400 per equity share including a premium of Rs. 390 per equity share for an aggregate amount of Rs. 66.04 crore; and
ii. Adopting the placement document dated 20 May 2017 in connection with the QIP.
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