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Delta Corp announces closure of QIP issue

Capital Market 

On 16 May 2017

The QIP Committee meeting of Board of Directors of at its meeting held on 16 May 2017 passed the following resolutions -

Approved and declared the closure of QIP on 16 May 2017.

Determined and approved the issue price of Rs 155 per equity share, including a premium of Rs 154 per equity share against the floor price of Rs 162.78 with a discount of Rs 7.78 which was determined as per the formula prescribed under Regulations of SEBI Regulations for issuance of 3,54,83,874 equity shares, to be allotted to eligible qualified institutions buyers in the QIP;

Approved and adopted the placement document dated 16 May 2017, in connected with the QIP (the placement document).

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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, May 16 2017. 10:43 IST