Salzer Electronics to allot 26.41 lakh equity shares aggregating Rs 62.06 crore

Under QIP issue

Salzer Electronics announced that the Sub Committee of the Board of the Company has at its meeting held on 24 July 2015, inter alia, approved the following :

- Closure of QIP on 24 July 2015;

- Allotment of 26,41,000 Equity Shares of face value of Rs.10/- at Issue Price of Rs. 235 per Equity Share including a Premium of Rs.225 per share for an aggregate amount of Rs.62.06 crore resulting in increase in total paid up share capital from Rs. 10,87,86,370 to Rs. 13,51,96,370 and

- Adopted the Placement Document dated July 24, 2015 in connection with the QIP.

Powered by Capital Market - Live News