Siti Cable Network announces closure of QIP issue

Issue price is Rs 35 per share; Floor price is Rs 36.41 per share

Siti Cable Network announced that the QIP Committee of the Board at its meeting held on 04 March 2015 has:-

1. approved the closing of issue w.e.f. 04 March 2015 i.e. with immediate effect;

2. determined and approved the issue price of Rs. 35/- per Equity Share (which is at a discount of Rs. 1.41/- per Equity Share on the Floor Price of Rs. 36.41 per Equity Share) including premium of Rs. 34/- per Equity Share;

3. approved the placement document;

4. approved the Confirmation of Allocation Note.

 

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