Outcome of QIP Committee Meeting

Astra Microwave Products Ltd has informed BSE that in respect of the QIP, the QIP Committee of the Company at its meeting held at its meeting held on December 14, 2015, inter alia, has passed the following resolutions:

1. Approved the closure of the QIP on December 14, 2015.

2. Approved the issue price of Rs. 135.80/- per Equity Share (share), which is at a discount of Rs. 6.96/- per Equity Share, to the Floor Price of Rs. 142.76/- per Equity Share, for the Equity Shares to be allotted to eligible qualified institutional buyers in the QIP; and

3. Approved and adopted the Placement Document (PD) dated December 14, 2015, in connection with the QIP.

Pdf Link: >Outcome of QIP Committee Meeting

Source : BSE - >www.bseindia.com

Published on December 14, 2015
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