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ITI informs about revision in price band

28 Jan 2020 Evaluate

In continuation to letter dated 24.01.2020, ITI has informed that the Company in its FPO Committee meeting held on January 28, 2020, has revised its Price Band to the following: Floor Price (as defined in the Red Herring Prospectus): Rs 71 per Equity Share; and Cap Price (as defined in the Red Herring Prospectus): Rs 77 per Equity Share. In accordance with Regulation 142(2) of the 2018 SEBI ICDR Regulations, it has revised its Issue period and extended it by three days. The Bid/ Issue Closing Date will now be January 31, 2020.

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


Peers
Company Name CMP
Black Box 776.00
ITI 256.85
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Quadrant Televenture 0.79
Valiant Communicatns 1280.00
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