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Insecticides India to allot equity shares

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Capital Market

Under QIP issue

Insecticides India announced that the Securities Committee of the Company in its meeting held on 17 August 2015 has approved the issue and allotment of 16,43,347 equity shares at a price of Rs 509.70 per share (including a premium of Rs 499.70 per share) which is at a discount of 5% to the floor price of Rs 536.52 per equity share, aggregating Rs 83.76 crore to Qualified Institutional Buyers.

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First Published: Aug 17 2015 | 7:38 PM IST

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