Granules India announces closure of QIP issue

Fixes issue price of Rs 121.25 per share

Granules India announced that the QIP Committee of the Board of Directors of the Company at its meeting held on 25 September 2017 has passed the following resolutions -

Declaring closure of QIP on 25 September 2017,

Approving issue price of Rs 121.25 per share (including premium of Rs 120.25) for issuance of 2,47,54,792 equity shares to qualified institutional buyers in the QIP, and

Approving and adopting placement document dated 25 September 2017.

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