STYLAM INDUSTRIES LIMITED - Outcome of Board Meeting

Stylam Industries Limited - Outcome of Board Meeting

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11 May 2017
The meeting of the Board of Directors of the Company held on 11th day of the May, 2017 to inter-alia, considered and approved, allotment of 8,50,000 Equity shares ('Issue Shares') of Rs. 10 each, on a preferential basis for cash at a price of Rs. 601/- (Rupees Six Hundred One Only) per Issue Share aggregating upto Rs. 51,08,50,000/- (Rupees Fifty One Crore Eight Lakh Fifty Thousand Only), including premium of Rs. 591/- (Rupees Five Hundred Ninety One Only) per Issue Share,to the below mentioned proposed non promoters allottee ('Investor') Sr. No Name of the proposed allottee Category No of Equity Shares to be proposed Amount Received (Rs.) 1 Lighthouse Emerging India Investors, Limited Non-Promoter - Foreign Bodies Corporate 8,50,000 51,08,50,000/- Total 8,50,000 51,08,50,000/- The Board Meeting commenced at 7:30 P.M. and concluded at 8:00 P.M.
View all announcements for Stylam Industries Limited	Source: BSE India

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