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Ramkrishna Forgings announces closure of QIP issue

Capital Market 

On 18 July 2017

announced that the QIP Committee of the Company at its meeting held on 18 July 2017 has inter alia passed the following resolutions:

a. Approved the closure of the QIP today i.e. 18 July 2017;

b. Approved the issue price of Rs. 510 per Equity Share, which is at a discount of Rs. 13.84 per Equity Share, to the Floor Price of Rs. 523.84 per Equity Share, for the Equity Shares to be allotted to eligible qualified institutional buyers pursuant to the QIP; and

c. Approved and adopted the placement document dated 18 July 2017 in connection with the QIP.

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

First Published: Tue, July 18 2017. 09:29 IST