On 22 May 2015
Sequent Scientific announced that in respect of the QIP, the QIP Committee (the "Committee) of the Company at its meeting held on 22 May 2015, has inter alia passed the following resolutions:1. Approved the closure of the QIP on 22 May 2015;
2. Approved the issue price of Rs. 535/- per Equity Share (including premium of Rs. 525/- per share) to be allotted to qualified institutional buyers through the QIP. The issue price is at a discount of 4.90% i.e., Rs. 27.5625, to the floor price of Rs. 562.5625 per Equity Share, in accordance with proviso to Regulation 85(1) of SEBI ICDR Regulations; and
3. Approved and adopted the Placement Document dated 22 May 2015, in connection with the QIP.
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