Issue opens on 18 December 2015; Issue prices is Rs 339.5 per share
Somany Ceramics announced that the Company Administrative Committee (the "Committee") of the Company at its meeting held on 18 December 2015, inter alia, has passed the following resolutions:1. Approved the closure of the Issue on 18 December 2015;
2. Approved the issue price of Rs. 339.5 per Equity Share ("Issue Price"), which is at a discount of 4.97% i.e. Rs. 17.74 to the Floor Price of Rs. 357.24 per Equity Share, for the Equity Shares to be allotted to qualified institutional buyers in the Issue; and
3. Approval of Issue of Confirmation Allocation Note to the allocation of 3534600 Equity Shares to Qualified Institutional Buyers at the issue price for an amount aggregating to Rs. 120 Crore.
4. Approved and adopted the Placement Document (PD) dated 18 December 2015, in connection with the Issue.
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