Salasar Techno Engineering has allotted 3 crore equity shares to qualified institutional buyers (QIBs) at the issue price of Rs 27.30 per equity share aggregating to Rs 81.90 crore.
The Fund Raising Committee of the Board at its meeting held on September 06, 2022, has inter alia approved the issue and allotment of 3 crore equity shares to QIBs at the issue price of Rs. 27.30 per Equity Share (including a premium of Rs. 26.30 per Equity Share), aggregating to Rs 81.90 crore, pursuant to the Issue.
Pursuant to the allotment of Equity Shares in the Issue, the paid-up Equity Share capital of the company stands increased from Rs 28,57,05,280 to Rs 31,57,05,280.
Salasar Techno Engineering is leading provider of customized steel fabrication and infrastructure solution in India.
