Aggregating approx. Rs 250 crore
Sadbhav Engineering announced that the QIP Committee (the "Committee") of the Board of Directors of the Company at its meeting held on 17 October 2014 has decided to close the Issue and has accorded its consent for the issue of up to 1,15,74,000 Equity Shares at a price of Rs. 216/-, for an aggregate value of Rs. 2,49,99,84,000/- (including Rs. 248,84,10,000/- towards share premium) at a discount of Rs. 3.0625 per Equity Share to the floor price of Rs. 219.0625 per Equity Share, in accordance with the terms and conditions of the placement document dated October 17, 2014 and the provisions of Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended.Powered by Capital Market - Live News
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