Outcome of QIP Committee Meeting

Mercator Ltd has informed BSE that in respect of the QIP Offering, the QIP Committee (the "Committee") of the Company has at its meeting held on January 17, 2017, inter alia approved the following:

1. Closure of the Bid on January 17, 2017;

2. The issue price of Rs. 40,75, after giving discount of 4.79% i.e. Rs. 2.05 per Equity Share, on the Floor Price of Rs. 42.80 per Equity Share within the SEBIICDR Regulations and shareholders’ approval vide an annual general meeting held on June 30, 2016, for the Equity Shares to be issued and allotted to eligible Qualified Institutional Buyers in the QIP; and

3. Adoption of the Placement Document dated January 17,2017 in connection with the QIP.

4. Issue of Confirmation Allocation Note for the allocation of 2,50,00,000 Equity Shares to the Qualified Institutional Buyers.

Pdf Link: Outcome of QIP Committee Meeting

Source : BSE - www.bseindia.com

Published on January 17, 2017
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