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Venus Remedies announces closure of QIP issue

Capital Market 

On 10 January 2018; Issue price is Rs 103.64

The Board of at its meeting held on 10 January 2018 has approved as follows -

1. Approved and declared the Closing of QIP issue on 10 January 2018
2. Determined and approved the Issue price 6484 per Equity Shares rounded off to Rs.103.65 and the number of shares allocated to eligible Qualified Institutional Buyers under QIP.
3. Approved and adopted Placement Document dated 10th January 2018 for 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: Wed, January 10 2018. 18:45 IST