Outcome of QIP Committee meeting of Sadbhav Engineering

Held on 14 October 2014

Sadbhav Engineering announced that the QIP Committee (the Committee) of the Board of Directors of the Company at its meeting held on 14 October 2014 has decided to open the Issue to be undertaken in accordance with the provisions of Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the SEBI Regulations).

Further the Company has informed that, the floor price in respect of the Issue, based on the pricing formula as prescribed under Regulation 85 of the SEBI Regulations is Rs. 219.0625 per equity share of the Company, and the 'relevant date' for this purpose, in terms of Regulation 81(c)(i) of the SEBI Regulations, is 14 October 2014.

 

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