IndiaMART InterMESH Limited fixes floor price for QIP as Rs. 9065.61
Posted On: 2021-02-17 11:35:21 (Time Zone: Arizona, USA)
Pursuant to the approval granted by the Board of Directors of IndiaMART InterMESH Limited ( Company ) ( Board ), at its meeting held on January 18,2021, and special resolution passed by the Members of the Company at the Extra-ordinary General Meeting of the Company held on February 10, 2021, the Fund Raise Committee of the Board ( Committee ), at its meeting held today February 17,2021, has decided to open the Qualified Institutions Placement of Equity Shares of face value of Rs. 10 each ( Equity Shares ) today i.e. February 17, 2021, for receiving bids, in accordance with the provisions of Chapter VI of the SEBI ICDR Regulations. The Committee also approved and adopted the preliminary placement document dated February 17, 2021 and the application form, in connection with the Issue.