You are here: Home » News-CM » Companies » News
Business Standard

Poly Medicure closes QIP issue on 18 February 2021

Capital Market 

To issue 76.33 lakh equity shares issue price of Rs 524 per share

Poly Medicure announced that the QIP Committee at its meeting held on 18 February 2021 passed the following resolutions -

a. approved closure of the QIP today, i.e., 18 February 2021;

b. approved the issue price for 76,33,587 Equity Shares to be allotted to eligible qualified institutional buyers at a price of Rs 524 per Equity Share, including a premium of Rs 519 per Equity Share, which is at a discount of Rs 26.79 ( 4.86% to the floor price of Rs 550.79 per Equity Share), as permitted in terms of Regulation 176(I) of Chapter VI of the SEBI ICDR Regulations.

c. approved and finalized the confirmation of allocation note to be sent to the eligible qualified institutional buyers, intimating them of allocation of Equity Shares pursuant to the Issue.

The QIP was opened on 15 February 2021.

Powered by Capital Market - Live News

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

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, February 19 2021. 09:19 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU