Board of IP Rings decides entitlement ratio & offer price for proposed rights issue

At meeting held on 04 January 2017

IP Rings announced that the Board of Directors have taken decision on the following, at their Meeting held on 04 January 2017, in connection with the proposed Rights Issue:

Rights Entitlement Ratio = 4 (Four) Rights Equity Shares for every 5 (Five) Equity Shares held on the Record date

Offer Price: Rs. 88.75 (FV Rs. 10/- per Share + Premium Rs. 78.75 per Share).

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