HINDALCO INDUSTRIES LTD.

HINDALCO INDUSTRIES LTD. - Updates

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08 Mar 2017
Please refer to our letters dated 02nd March, 2017 intimating you about the opening of the QIP and the meeting of the Capital Raising Committee (the 'Committee') to be held on or after 07th March, 2017 in respect of the QIP. We wish to inform you that in respect of the QIP, the Capital Raising Committee of the Company at its meeting held today i.e. 08th March, 2017 has, inter alia, passed the following resolutions: a. Approved the closure of the issue period for the QIP today i.e. 08th March, 2017; b. Determined and approved the Issue price of Rs. 189.45/- per Equity Share (including a premium of Rs. 188.45/- per Equity Share). [The Floor Price is Rs. 184.45/- per Equity Share determined as per the formula prescribed under Regulation 85(1) of the SEBI ICDR Regulations for the Equity Shares to be allotted to eligible qualified institutional buyers in the QIP]; and c. Approved and adopted the placement document dated 08th March, 2017, in connection with the QIP.
View all announcements for HINDALCO INDUSTRIES LTD.	Source: BSE India

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