Ashok Leyland Ltd closes QIP issue on July 2, 2014

In respect of the QIP, the Fund Raising Committee (the Committee) of Ashok Leyland Ltd at its meeting held on July 02, 2014, has approved the closure of the QIP on July 02, 2014.

The Board approved the issue price of Rs. 36.00 per Equity Share (share), which is at a premium of Rs. 1.70 per share, to the Floor Price of Rs. 34.30 per Equity Share, for the Equity Shares to be allotted to eligible qualified institutional buyers in the QIP and approved and adopted the Placement Document (PD) dated July 02, 2014, in connection with the QIP.

Shares of ASHOK LEYLAND LTD. was last trading in BSE at Rs.36.35 as compared to the previous close of Rs. 36.75. The total number of shares traded during the day was 2801709 in over 8067 trades.

The stock hit an intraday high of Rs. 38.1 and intraday low of 36.1. The net turnover during the day was Rs. 104005215.

Source : Equity Bulls

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