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S&P
BSE SENSEX
74,277.67
+547.51
+0.74 %
Corporate Announcement
Security Code
532300
Company
WOCKHARDT LTD.
Exchange Received Time
20/03/2024 21:45:41
Exchange Disseminated Time
20/03/2024 21:45:43
Time Taken
00:00:02
Board Meeting Outcome for Outcome Of The Meeting Of The Capital Raising Committee |
3/20/2024 9:45:43 PM
We wish to inform you that the Capital Raising Committee of the Company, in its meeting held today i.e. 20th March, 2024, has inter alia considered and passed the following resolutions:(i) authorizing the opening of the Issue today, i.e. on 20th March, 2024; (ii)approving the floor price being ?544.02 per Equity Shares for the Issue as prescribed under the SEBI ICDR Regulations; and (iii)approval and adoption of the preliminary placement document dated 20th March, 2024, and the draft of application form, in connection with the Issue. We further wish to inform you that the 'Relevant Date' for the purpose of the Issue, in terms of the SEBI ICDR Regulations is 20th March, 2024 and accordingly the floor price in respect of the Issue, based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations, the Company may, at its discretion, offer a discount of not more than 5% (five percent) on the floor price so calculated for the Issue.
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