Universal Cables has informed that in accordance with the terms of Letter of Offer dated September 14, 2015, the Rights Issue Committee of the Board of Directors of the Company at its Meeting held on October 20, 2015, after the receipt of approval on the Summary Basis of Allotment from BSE Limited (the Designated Stock Exchange for the purpose), has approved allotment of 1,15,65,127 Equity Shares of Face Value of Rs 10 each at an issue price of Rs 51 per equity share (including premium of Rs.41 per share) to the shareholders and renounces on Rights basis. The said allotment is fully in accordance with the Summary Basis of Allotment approved by the BSE Ltd for the Rights issue on October 20, 2015.
The above information is a part of company’s filings submitted to BSE.
