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Corporate News
23-Jan-18
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Sanghi Industries opens QIP issue
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Issue price is Rs 129 per share
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Sanghi Industries has opened a QIP issue on 23 January 2018. The Business Operations and Finance Committee of the Board of Directors of the Company has, at its meeting held on 23 January 2018, inter alia, passed the following resolutions -
Determining and approving the issue price of Rs. 129.00 per Equity Share (including premium of Rs. 119.00 per Equity Share) of the Company after giving discount of 4.78 % i.e. Rs. 6.48 per Equity Share on the floor price of Rs. 135.48 per Equity Share for issuance of 3,10,21,000 Equity Shares, to be allotted to eligible qualified institutional buyers in the QIP; and
Approving and adopting the placement document dated 23 January 2018, in connection with the QIP (the 'Placement Document').
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