The Fund Raising Committee of the Board at its meeting held today has: a. Approved the closure of the Issue today (i.e. 12/04/2022) pursuant to the receipt of application forms and the funds in the escrow account from the eligible QIBs; b. Determined and approved in accordance with the ICDR Regulations the allocation of 8 55 59 435 Equity Shares at an Issue price of Rs. 101.10 per Equity Share (including a premium of Rs. 99.10) which is at a discount of Rs. 5.28 per share i.e. 4.96% to the floor price of Rs. 106.38 per Equity Share c. Approved and finalised the confirmation of allocation note to be sent to eligible QIB intimating them of the allocation of Equity Shares pursuant to the Issue; and refund intimation letter to be sent to the bidders who are entitled to receive the refund amount if any; and d. Approved and adopted the placement document dated April 12 2022. (ref attachment for details)
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