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Premier Explosives hit 52-week high of Rs 472, up 10% on BSE, after the company on fund raising through qualified institutional placement (QIP) issue.
Premier Explosives on Monday after market hours announced that the Securities Allotment Committee of the Company on 15 May 2017 has passed the resolutions for the opening of the QIP on 15 May 2017 and fixed floor price of Rs 414.97 per equity share.
The company may offer a discount of not more than 5% on the floor price so calculated for the QIP, it added.
The committee is scheduled to meet on
Premier Explosives on Monday after market hours announced that the Securities Allotment Committee of the Company on 15 May 2017 has passed the resolutions for the opening of the QIP on 15 May 2017 and fixed floor price of Rs 414.97 per equity share.
The company may offer a discount of not more than 5% on the floor price so calculated for the QIP, it added.
The committee is scheduled to meet on
