Corporate News     23-Nov-19
Shree Cement announces closure of QIP issue
On 22 November 2019
Shree Cement announced the closure of QIP issue on 22 November 2019. The company will issue 12,43,523 equity shares of Rs. 10 each at issue price of Rs. 19300 per equity share (including a premium of Rs 19290 per share), which is at a discount of 2.56% i.e. Rs 506.46 per equity share to the floor price of Rs 19806.46 per share.

The QIP Committee of the company has approved and adopted the placement document dated 22 November 2019 and finalised the confirmation of allocation note (CAN) to be issued to the eligible qualified institutional buyers, intimating them of allocation of Equity Shares, pursuant to the QIP.

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