On 21 October 2014
Sadbhav Engineering announced that the QIP Committee (the "Committee") of the Board of Directors of the Company at its meeting held on 21 October 2014, has, decided to issue and allot on 21 October 2014, 1,15,74,000 equity shares of face value Re. 1 each ("Equity Shares") at a price of Rs. 216 per Equity Share (including a premium of Rs. 215 per Equity Share), aggregating to Rs. 249.99 crore in accordance with Section 42 of the Companies Act, 2013 (including the rules made thereunder) and Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended.Post allotment, the paid up Equity Share Capital of the Company would stands at 17,14,35,800 equity shares of Re. 1/- each aggregating to Rs. 17,14,35,800/-.
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