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Titagarh Rail Systems has allotted 75,02,679 equity shares to the eligible qualified institutional buyers (QIBs) at the issue price of Rs. 933
per equity share i.e. at a premium of Rs. 931 per equity share [(which includes a discount of Rs. 43.10 per equity share (4.42% of the floor price) to the floor price], aggregating to Rs. 699.99 crore, pursuant to the QIP issue.
Pursuant to the allotment of equity shares, the paid up equity share capital stands increased to Rs. 26,93,47,536 consisting of 13,46,73,768 equity shares.
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