Under QIP issue
Astral Poly Technik announced that the Securities Committee of the Company (the "Committee") has approved the issuance of 5984519 Equity Shares at a price of Rs. 402.52/- per Equity Share (including a premium of Rs. 401.52 per Equity Share), aggregating up to Rs. 240.89 crore, to Qualified Institutional Buyers, pursuant to Chapter VIII of the SEBI Regulations. Further the Company has informed that, pursuant to shareholders approval received on 25 August 2014 permitting a discount to the floor price, the issue price shall be fixed at a price of Rs. 402.52 per Equity Share.Further the Company has informed that, the Committee has passed necessary resolutions fixing the Issue Closing Date for the said Issue as being 08 December 2014 and approving the Placement Document in this regard.
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