On 12 December 2017; Issue price is Rs 237.50 per share
NCL Industries announced that the Share Issue Committee of the Company 12 December 2017 has, inter alia passed the following resolutions:a. Closure of the bid in respect of QIP on 12 December 2017;
b. Adoption of Placement Document dated 12 December 2017 in connection with the QIP;
c. Approving the issue price of Rs 237.50 per equity share (including premium of Rs 227.50 per equity share) of the Company after giving discount of 4.86% i.e. Rs 12.13 per Equity Share on the floor price of Rs 249.63 per Equity Share as per the SEBI ICDR Regulations; and
d. Approval of the issue of confirmation allocation notes for the allocation of 85,00,000 Equity Shares to the eligible qualified institutional buyers.
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