Strides Arcolab has informed that in respect of the Qualified Institutional Placement (QIP), the QIP Committee of the Company at its meeting held on December 23, 2015, has approved allotment of 8,628,028 equity shares of Rs 10 each at a price of Rs 1,278 per share (including a premium of Rs 1,268 per share). Consequent to the allotment, the paid up equity share capital of the Company has increased from Rs 806,429,500 consisting of 80,642,950 equity shares of Rs 10 each to Rs 892,709,780 consisting of 89,270,978 equity shares of Rs 10 each.
The above information is a part of company’s filings submitted to BSE.
