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Saregama India approved the issue and allotment of 18,50,937 Equity Shares to 27 qualified institutional buyers at the issue price of Rs 4,052 per Equity Share (including a premium of Rs 4,042 per Equity Share), aggregating to Rs 749.99 crore pursuant to the QIP Issue.
Pursuant to the allotment of Equity Shares in the Issue, the paid-up Equity Share capital of the Company stands increased from Rs 17,43,00,120 consisting of 1,74,30,012 Equity Shares of Rs 10 each to
Rs 19,28,09,490 consisting of 1,92,80,949 Equity Shares of Rs 10 each.
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