ASHOK LEYLAND LTD. - Outcome of Fund Raising Committee Meeting
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| 26 Jun 2014 | |
| Ashok Leyland Ltd has informed BSE that subsequent to the approval accorded by the Board of Directors of Company, at its meeting held on May 10, 2013 and the approval of the shareholders of the Company by way of special resolution dated July 16, 2013 for the QIP, the Fund Raising Committee of the Company on June 26, 2014, inter alia, has passed resolutions in connection with the following:<br/><br/>1. authorising the opening of the QIP on June 26, 2014;<br/><br/>2. approving and adopting the preliminary placement document dated June 26, 2014 in connection with the QIP, (the "Preliminary Placement Document"). Further, the Company has filed the preliminary placement document dated June 26, 2014 with stock exchange.<br/><br/>3. approval of the floor price for the QIP.<br/><br/>Further, the Company has informed that the 'Relevant Date' for this purpose, in terms of Regulation 81(c)(i) of the SEBI Regulations, is June 26, 2014 and accordingly the floor price in respect of the aforesaid QIP, based on the pricing formula as prescribed under Regulation 85(1) of the SEBI Regulations is Rs. 34.30 per Equity Share. | |
| View all announcements for ASHOK LEYLAND LTD. | Source: BSE India |
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