At meeting held on 04 January 2017
IP Rings announced that the Board of Directors have taken decision on the following, at their Meeting held on 04 January 2017, in connection with the proposed Rights Issue:Rights Entitlement Ratio = 4 (Four) Rights Equity Shares for every 5 (Five) Equity Shares held on the Record date
Offer Price: Rs. 88.75 (FV Rs. 10/- per Share + Premium Rs. 78.75 per Share).
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