With reference to the earlier letter dated July 21, 2015, Salzer Electronics has now informed that the Sub Committee of the Board of the Company has at its meeting held on July 24, 2015, approved the closure of QIP on July 24, 2015; Allotment of 26,41,000 Equity Shares of face value of Rs 10 at Issue Price of Rs 235 per Equity Share including a Premium of Rs 225 per share for an aggregate amount of Rs 62.06 Crores resulting in increase in total paid up share capital from Rs 10,87,86,370 to Rs 13,51,96,370 and Adopted the Placement Document dated July 24, 2015 in connection with the QIP.
The above information is a part of company’s filings submitted to BSE.
