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Greenply Industries announced that in respect of the Qualified Institutions Placement, the QIP Committee of the Board of Directors has, at its meeting held on 12 August 2016, inter alia, passed the following resolutions:
1. Determining and approving the issue price of Rs. 257.00 per Equity Share for the issuance and allocation of up to 19,45,525 Equity Shares to eligible qualified institutional buyers in the Qualified Institutions Placement, aggregating to Rs. 49,99,99,925/-; and
2. Approving and adopting the Placement Document dated August 12, 2016 in connection with the Qualified Institutions Placement (“Placement Document”)
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