Astral Poly Technik Ltd approves closure of QIP Issue

The Securities Committee of Astral Poly Technik Ltd (the "Committee") has approved the issuance of 5984519 Equity Shares at a price of Rs. 402.52/- per Equity Share (including a premium of Rs. 401.52 per Equity Share), aggregating up to Rs. 2408.89 Million, to Qualified Institutional Buyers, pursuant to Chapter VIII of the SEBI Regulations.

Pursuant to shareholders approval received on August 25, 2014 permitting a discount to the floor price, the issue price shall he fixed at a price of Rs. 402.52 per Equity Share.

The Committee has passed necessary resolutions fixing the Issue Closing Date for the said Issue as being December 08, 2014 and approving the Placement Document in this regard.

Shares of ASTRAL POLY TECHNIK LTD. was last trading in BSE at Rs.422.7 as compared to the previous close of Rs. 422.3. The total number of shares traded during the day was 7185 in over 561 trades.

The stock hit an intraday high of Rs. 429.9 and intraday low of 420.95. The net turnover during the day was Rs. 3041897.

Source : Equity Bulls

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