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Shree Cement opens QIP issue

Capital Market 

With Floor Price of Rs 19806.46 per share

The Qualified Institutional Placement Committee of Shree Cement at its meeting held on 19 November 2019 has approved the following:

(i) Authorised the opening of the QIP, today, i.e. on 19 November, 2019;
(ii) Approved and adopted the preliminary placement document dated 19 November, 2019 together with the application form dated 19 November, 2019, In connection with the QIP; and
(iii) Approved the floor price for the QIP being Rs. 19806.46 per Equity Share based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations (the "Floor Price").

The 'relevant date' for the purpose of the QIP, is 19 November 2019.

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

First Published: Tue, November 19 2019. 17:39 IST