Action Construction Equipment has informed that the Qualified Institutions Placement Committee ('QIP Committee') has, at its meeting held today September 24, 2021 approved the issue and allotment of 56,00,000 Equity Shares of face value Rs 2 each to eligible qualified institutional buyers at the issue price of Rs 242 per Equity Share (including a premium of Rs 240 per Equity Share) against the floor price of Rs 254.55 per Equity Share, aggregating to Rs 1,35,52,00,000, pursuant to the Issue in accordance with the SEBI ICDR Regulations.
The above information is a part of company’s filings submitted to BSE.
