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Board of Sundaram Multi Pap approves allotment of 2.60 crore equity shares

Capital Market 

Under QIP issue

The Board of 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 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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 10 2017. 17:03 IST