Cello World has informed that the Committee at its meeting held today, July 05, 2024 has, approved the following transactions: Approved the closure of the Issue today (July 05, 2024) pursuant to the 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; The allocation of 86,54,000 Equity Shares at an issue price of ? 852.00 per Equity Share (including a premium of ? 847.00 per Equity Share), which takes into account a discount of 4.92% (?44.09 per Equity Share) to the floor price of ? 896.09 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 (QIBs) in the Issue; c. Approved and finalized the confirmation of allocation note to be sent to eligible qualified institutional buyers, intimating them of the allocation of Equity Shares pursuant to the Issue; Approved and adopted the placement document dated July 05, 2024, in connection with the Issue; and Approving issuance of refund intimation letter to the bidders who are entitled to receive any refund amount, if any. The meeting of the Committee commenced at 10.30 pm and concluded at 11.00 pm.
The above information is a part of company’s filings submitted to BSE.
