Himatsingka Seide has informed that the Securities Committee of the Board of Directors ('Committee') of the Company has today, October 30, 2024 approved the issue and allotment of 2,72,85,129 Equity Shares of face value of Rs 5 each, to eligible QIBs at the issue price of Rs 146.60 per Equity Share including a premium of Rs141.60 per Equity Share, (which includes a discount of 5% (Rs 7.71 per Equity Share) to the floor price amounting to Rs 154.31 per Equity Share, as determined in terms of SEBI ICDR Regulations), aggregating to Rs 400 Crores (INR Four Hundred Crores Only), pursuant to the QIP.
The above information is a part of company’s filings submitted to BSE.
