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Vikas Lifecare informs about outcome of board meeting

24 Nov 2022 Evaluate
Vikas Lifecare has informed that the Board of Directors of the Company, at its meeting held today, November 24, 2022, has approved the following: In furtherance to company’s earlier intimation dated November 15, 2022 for opening of the QIP Issue (Qualified Institutions Placement of 10,75,26,881 equity shares of face value of Rs 1, approved the closure of the Issue today (November 24, 2022) post receipt of application forms and the funds in the escrow account from the eligible qualified institutional buyers in accordance with the terms of the Issue; determined and approved, in accordance with the SEBI ICDR Regulations, the issue price at Rs 4.65 per Equity Share (including a premium of Rs 3.65 per Equity Share), which is at a discount of Rs 0.23 per Equity Share, 4.71% to the floor price of Rs 4.88 per Equity Share (determined according to the formula prescribed under Regulation 176 of the SEBI ICDR Regulations and intimated in earlier communications), for the Equity Shares to be allotted to the eligible qualified institutional buyers in the present tranche; approved and finalized the Confirmation of Allocation Note (CAN) to be sent to eligible qualified institutional buyers, intimating them of the allocation of Equity Shares pursuant to the Issue; and approved and adopted the placement document dated November 24, 2022; and Allotment of 10,75,26,881 Equity Shares at the issue price to the eligible qualified institutional buyers in accordance with the terms of the issue, list of allottees shall be submitted through a separate communication.

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

Vikas Lifecare Share Price

1.48 -0.01 (-0.67%)
19-Jun-2026 16:59 View Price Chart
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