QIP
Detail
Inter alia, passed the following resolutions: a. Approved the closure of the Issue today, i.e. December 6, 2024, pursuant to the receipt of application forms and the funds in the escrow account from the eligible qualified institutional buyers ("QIBs?) in accordance with the terms of the Issue; b. Determined and approved the Issue price for 68,35,444 Equity Shares to be allotted to eligible qualified institutional buyers at a price of ? 790 per Equity Share (including a premium of ? 780 per Equity Share), which is at a discount of 4.79% (i.e. ? 39.74 per Equity Share) to the floor price of ? 829.74 per Equity Share, determined as per the formula prescribed under Regulation 176(1) of Chapter VI of the SEBI ICDR Regulations, for the Equity Shares to be allotted to the eligible qualified institutional buyers (?QIBs?) in the Issue; c. Approved and adopted the placement document dated December 6, 2024 in connection with the Issue; and d. Approved and finalised the confirmation of allocation note to be sent to the eligible qualified institutional buyers, intimating them of allocation of Equity Shares pursuant to the Issue.