Somany Ceramics has informed that the Company Administrative Committee of the Company at its meeting held on December 22, 2015, approved the issue and allotment of 3,534,600 Equity Shares of face value Rs 2 each to Qualified Institutional Buyers (QIB) at the issue price of Rs 339.5 per Equity Share, amount aggregating to Rs 120.00 Crore. Emkay Global Financial Services are the Book Running Lead Manager to the aforesaid Qualified Institutions Placement of equity shares of the Company.
The above information is a part of company’s filings submitted to BSE.
