MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - Outcome of Committee Meeting

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30 Nov 2017
Subsequent to the approval accorded by the Board of Directors of the Company, at its meeting held on 1st November, 2017 and the Special Resolution passed by the Shareholders of the Company on 29th November, 2017, the Securities Issue Committee of the Company today, i.e., 30th November, 2017 has, inter alia passed the following Resolutions:<BR> a. Authorising the opening of the QIP on 30th November, 2017; <BR> b. Approving the preliminary placement document dated 30th November, 2017 in connection with the QIP; and<BR> c. Approval of the Floor Price for the QIP.<BR> <BR> We further wish to inform you that the 'Relevant Date' for this purpose, in terms of Regulation 81(c)(i) of the SEBI ICDR Regulations, is 30th November, 2017 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 ICDR Regulations is Rs. 439.63 per Equity Share.
View all announcements for MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD.	Source: BSE India

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