Held on 28 October 2014
CESC announced that, in respect of issue of Equity Shares to QIBs pursuant to the Issue, the QIP Committee of the Board of Directors of the Company has, at its meeting held on 28 October 2014, pursuant to the board and shareholder resolutions dated 22 September 2014 and 18 October 2014, respectively, passed the resolution in connection with the following:1. Authorising the opening of the Issue from 28 October 2014.
2. Approving and adopting the preliminary placement document dated 28 October 2014.
3. The relevant date for the purpose of this Issue in terms of Regulation 81(c)(i) of the SEBI ICDR Regulations is October 28, 2014 and accordingly the floor price in respect of the aforesaid Issue, based on the pricing formula as prescribed in under Regulation 85(1) of the SEBI ICDR Regulations is Rs. 677.84 per Equity Share (the "Floor Price"). A discount of up to 5% on the Floor Price may be offered by the Company to investors in the Issue, at its discretion.
In relation to the Issue, the Company have filed the preliminary placement document dated 28 October 2014 with Stock Exchange on 28 October 2014.
Powered by Capital Market - Live News
