Sundaram Clayton fixes Rs. 297.50 as floor price for IPP

The IPP Committee of the Board of Directors of Sundaram Clayton Ltd has, by a resolution dated June 04, 2013, fixed the Floor Price at Rs. 297.50 per equity share for the proposed issue, in accordance with the provisions of Chapter VIII of the SEBI (ICDR) Regulations and SEBI Letter dated March 12, 2013. The issue opens and closes on June 07, 2013. The Company have appointed Axis Capital and SBI Capital Markets Limited as the Book Running Lead Managers to the issue.

Shares of Sundaram Clayton Ltd was last trading in BSE at Rs.305.05, down by Rs.8.95 or 2.85%. The stock hit an intraday high of Rs.314 and low of Rs.304.30.

The total traded quantity was 190 compared to 2 week average of 596.

Source : Equity Bulls

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