AksharChem (India) allots 8,89,690 Equity Shares

Under QIP issue

AksharChem (India) announced that the QIP Committee of the board of directors of the Company has, at its meeting held on 20 July 2017, approved the QIP and allotment of 8,89,690 Equity Shares to eligible qualified institutional buyers at the issue price of Rs. 776.00 per Equity Share, aggregating to approximately Rs. 69,03,99,440/-

Pursuant to the allotment of Equity Shares in the QIP, the paid-up equity share capital of the Company stands increased to Rs. 8,20,25,900/- comprising 82,02,590 equity shares of face value of Rs. 10 each.

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