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Salzer Electronics announced that the Sub Committee of the Board of the Company has at its meeting held on 24 July 2015, inter alia, approved the following :
- Closure of QIP on 24 July 2015;
- Allotment of 26,41,000 Equity Shares of face value of Rs.10/- at Issue Price of Rs. 235 per Equity Share including a Premium of Rs.225 per share for an aggregate amount of Rs.62.06 crore resulting in increase in total paid up share capital from Rs. 10,87,86,370 to Rs. 13,51,96,370 and
- Adopted the Placement Document dated July 24, 2015 in connection with the QIP.
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