Ashoka Buildcon has informed that the QIP Committee (the 'Committee') of the Board of Directors of the Company at its meeting held on April 13, 2015, has decided to open the Issue on April 13, 2015 to be undertaken in accordance with the provisions of Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the 'SEBI Regulations').Further, the floor price in respect of the Issue, based on the pricing formula as prescribed under Regulation 85 of the SEBI Regulations is Rs 185.05 per equity share of the Company, and the relevant date for this purpose, in terms of Regulation 81(c)(i) of the SEBI Regulations, is April 13, 2015.The Company may offer a discount of maximum 5% from the SEBI Floor Price.
The above information is a part of company’s filings submitted to BSE.
