Cello World has informed that in respect of the Issue, the QIP Committee (Committee) at its meeting held today, July 05, 2024 (which commenced on 11.30 pm and concluded at 11.40 pm), has approved the issue and allotment of 86,54,000 Equity Shares to qualified institutional buyers at the issue price of ? 852.00 per Equity Share (including a premium of Rs. 847.00 per Equity Share), (which includes a discount of ? 44.09 per Equity Share, 4.92% of the floor price, as determined in terms of the SEBI ICDR Regulations), against the floor price of ? 896.09 per Equity Share, aggregating to ? 73,732.08 Lakhs pursuant to the Issue. The Issue opened on July 03, 2024 and closed on July 05, 2024 and the same was intimated through letters dated July 03, 2024 and July 05, 2024, respectively. Further, attached the list of allottees who have been allotted more than 5% of the Equity Shares offered in the Issue, marked as Annexure 1. The shareholding pattern of the Company, before and after the Issue, will be submitted along with the listing application in the format specified in Regulation 31 of the SEBI Listing Regulations, as amended.
The above information is a part of company’s filings submitted to BSE.
