Aarey Drugs & Pharmaceuticals has informed that the Committee of the Board of the Company at its meeting held today has approved the issue price of Rs 54.93 per Equity share (including premium of Rs 44.93 per Equity share) for issuance & allocation of 33,00,000 Equity shares to eligible Qualified Institutional Buyers in the Qualified Institutional Placement, aggregating to Rs 1,812.69 Lakhs; approved and adopted the Placement document dated March 20, 2018, in connection with the Issue, (the ‘Placement Document’); and approved the issue of confirmation of allocation notes to Qualified Institutional Buyers.
The above information is a part of company’s filings submitted to BSE.
