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Macrotech Developers informs about outcome of committee meet

07 Mar 2024 Evaluate
Further to its letter dated March 4, 2024 intimating about the meeting of the Committee for Fund Raise of the board of directors to be held on March 7, 2024 in respect of the Issue, Macrotech Developers has informed that the Committee at its meeting held today, March 7, 2024 has, passed the following resolutions: a. Approving the closure of the issue period for the Issue today March 7, 2024; b. Determining and approving the issue price of ? 1,098 per Equity Share (including a premium of ? 1,088 per Equity Share), which is at a discount of 2.79% (i.e., ? 31.48 per Equity Share) to the floor price of ? 1,129.48 per Equity Share]determined as per the formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations, for the Equity Shares to be allotted to the eligible qualified institutional buyers in the Issue; c. Approving and finalising the confirmation of allocation note to be sent to the eligible qualified institutional buyers, intimating them of allocation of Equity Shares pursuant to the Issue; and d. Approving and adopting placement document dated March 7, 2024 in connection with the Issue. In this relation the company is filing the placement document dated March 7, 2024 with the BSE and National Stock Exchange of India. The meeting of the Committee commenced at 8.30 am and concluded at 9.00 am.

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

Lodha Developers Share Price

827.75 38.45 (4.87%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 827.75
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