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Som Distilleries & Breweries Ltd. - Board Meeting-Outcome of Board Meeting

| Updated on July 13, 2018 Published on July 13, 2018

This is inform you that the Board of Directors of the Company has approved the allotment of 36,82,563 equity shares at a price of Rs. 271.55/- per share (inclusive of premium of Rs. 261.55/- per share), for which the Company has received an amount of Rs. 99,99,99,982.65/- to the following allotees on preferential basis:
Sr. No. Name of Allottees Number of Shares
1. Karst Peak Asia Master Fund 24,55,042
2. Vermilion Peak Master Fund 12,27,521
The Board of Directors also resolved that the issued Equity Shares shall be subject to lock-in for one year from the date of trading approval from the Stock Exchanges and subject to the provisions of the Memorandum of Association and Articles of Association of the Company, shall rank pari passu with the existing equity shares of the Company.
The Board Meeting commenced at 01.00 pm and concluded at 01.30pm.

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Source : BSE - www.bseindia.com

Published on July 13, 2018
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