Premier Explosives to allot 16.51 lakh shares

Under QIP issue

Premier Explosives announced that the Securities Allotment Committee of the Board of Directors of the Company at its meeting held today i.e. on 20 May 2017, inter - alia, approved the following -

i. Allotment of 16,51,000 equity shares of face value of Rs. 10/- at issue price of Rs. 400 per equity share including a premium of Rs. 390 per equity share for an aggregate amount of Rs. 66.04 crore; and

ii. Adopting the placement document dated 20 May 2017 in connection with the QIP.

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