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Eveready Industries India informs about Outcome of Board Meeting

24 Jul 2015 Evaluate

Eveready Industries India has informed that the Board of Directors of the Company at its meeting held on July 24, 2015, has resolved to issue offer and allot, subject to the approval of the members of the Company in terms of the provisions of the Companies Act, 2013 and of other applicable laws, regulations etc., equity shares / fully convertible debentures / partly convertible debentures / non-convertible debentures with warrants / any other securities (collectively referred to as QIP Securities) to Qualified Institutional Buyers (QIBs) on private placement bases as per the SEBI (ICDR) Regulations, 2009 whether or not such QIBs are members of the Company, at such time or times, in one or more tranche or tranches, at par or at such price or prices, and on such terms and conditions as may be determined later, provided that the aggregate amount to be raised by issue of QIP Securities shall not exceed a sum of Rs. 150 Crores. At the aforesaid meeting, it has also been decided to put up the above for the approval of the members of the Company at the Annual General Meeting of the members of the Company to be held on August 21, 2015.

The above information is a part of company’s filings submitted to BSE.

Eveready Inds. India Share Price

302.45 5.25 (1.77%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Exide Inds 330.05
Amara Raja Energy 778.45
HBL Engineering 786.60
Eveready Inds. India 302.45
Indo-National 326.15
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