Control Print Ltd approves closure of Qualified Institutional Placement

The Capital Raising Committee of the Company at its meeting held today i.e. January 04, 2018 has, approved the closure of the Qualified Intuitions Placement today i.e. January 04, 2018.

The committee determined and approved the issue price of Rs. 455/- per Equity Share, (including a premium of Rs. 445/- per Equity Share), which is at a discount of Rs. 4.23% (i.e Rs. 20.09 per Equity Shares), to the Floor Price of Rs. 475.09 per Equity Share to be allotted to eligible qualified institutional buyers pursuant to the QIP.

The committee approved and adopted the placement document dated January 04, 2018 in connection with the QIP and approved the issue of Confirmation of Allocation Notes ('CAN') to the QIBs.

The meeting of the Capital Raising Committee commenced at 12.15 p.m. and concluded at 12.45 p.m.

Shares of CONTROL PRINT LTD. was last trading in BSE at Rs.485.3 as compared to the previous close of Rs. 468.2. The total number of shares traded during the day was 5386 in over 173 trades.

The stock hit an intraday high of Rs. 496 and intraday low of 471. The net turnover during the day was Rs. 2616271.

Source : Equity Bulls

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