Deep Industries announces closure of QIP issue

On 09 December 2016

Deep Industries announced that the QIP Committee of Board of Directors at its meeting held on 09 December 2016 approved the issue price of Rs 228 per equity share (including premium of Rs 218 per share) after a discount of 5% to the floor price of Rs 239.80 for issuance and allocation of 28 lakh equity shares to eligible QIBs under QIP issue aggregating Rs 63.84 crore. Declared the closure of QIP issue on 09 December 2016. Approved and adopted the placement document dated 09 December 2016 in connection with QIP.

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