Held on 20 April 2015
Ashoka Buildcon announced that in respect of the QIP, the QIP Committee (the "Committee") of the Company has at its meeting held on 20 April 2015, inter alia, approved the following:1. Issue Price of Rs. 175.80, after giving discount of upto 5% i.e. Rs. 9.25 per Equity Share, to the Floor Price of Rs. 185.05 per Equity Share as per the SEBI ICDR Regulations and shareholders' approval, for the Equity Shares to be issued and allotted to eligible Qualified Institutional Buyers in the QIP; and
2. Approval of issue of Confirmation Allocation Note for the allocation of 2,84,41,411 Equity Shares to the Qualified Institutional Buyers amounting to approximately Rs. 500.00 crore.
3. Approved the Placement Document dated 20 April 2015.
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