RELIANCE COMMUNICATIONS LTD. - Outcome of QIP Committee Meeting
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| 02 Jul 2014 | |
| With reference to the earlier letter dated June 27, 2014, Reliance Communications Ltd has now informed BSE that the QIP<br/>Committee of the Board of Directors of the Company, at its meeting held on July 02, 2014, has issued and allotted 33,82,86,197 Equity Shares of face value of Rs. 5/- each to the eligible Qualified Institutional Buyers (QIBs) at a price of Rs. 142.14 per Equity Share (including a premium of Rs. 137.14 per Equity Share) aggregating to Rs. 4,808.40 crore under the SEBI ICDR Regulations and Section 42 of the Companies Act, 2013 and the rules made thereunder.<br/><br/>Further the Company has informed that, post the said allotment, the paid-up equity share capital of the Company stands increased to Rs. 12,01,15,65,390 comprising of 2,40,23,13,078 equity shares of Rs. 5/- each. | |
| View all announcements for RELIANCE COMMUNICATIONS LTD. | Source: BSE India |
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