Under QIP issueThe Board of Sundaram Multi Pap has passed the following resolutions at its meeting held on 10 October 2017 -
Approved the issue price of Rs 3.05 per share (including premium of Rs 2.05 per share) after giving a discount of up to 5% to the floor price of Rs 3.19 for issuance and allocation of 2.60 crore equity shares to eligible qualified institutional buyers in the QIP, aggregating up to Rs 7.93 crore.
Approved placement document dated 10 October 2017 in connection with the QIP.
Approved the issue of confirmation of allocation notes to the QIPs.
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