Take Solutions Ltd approves Qualified Institutions Placement of equity shares

In respect of the Issue, the Securities Issue Committee (the "Committee") of the board of Take Solutions Ltd at its meeting held on July 26, 2016, has approved the closure of the Issue on July 26, 2016.

The Board approved the issue price of Rs. 166.10 per Equity Share (share), [which is at a discount of Rs. 8.74 per Equity Share, to the Floor Price of Rs. 174.84 per Equity Share, for the Equity Shares to be allotted to eligible qualified institutional buyers in the Issue].

The Board also approved and adopted the Placement Document (PD) dated July 26, 2016, in connection with the Issue.

The Issue had opened on July 21, 2016.

Shares of TAKE SOLUTIONS LTD. was last trading in BSE at Rs.170.85 as compared to the previous close of Rs. 174.45. The total number of shares traded during the day was 124517 in over 2012 trades.

The stock hit an intraday high of Rs. 178 and intraday low of 170. The net turnover during the day was Rs. 21732045.

Source : Equity Bulls

Keywords