Inox Leisure Ltd informed the exchanges on Monday that subsequent to the approval accorded by the Board of Directors of the Company, the duly authorised committee of directors, i.e., ILL Committee of the Board of Directors for Operations has, inter-alia, decided and passed the following resolutions:
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Approved and authorised the opening of the QIP
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Approved and adopted the preliminary placement document dated November 9, 2020 together with the application form, in connection with the QIP; and
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Approved the floor price for the QIP, being Rs263.10 per Equity Share based on the pricing formula as prescribed under Regulation 176 of the SEBI ICDR Regulations.
The company added that the 'relevant date' for the purpose of the QIP is November 9, 2020, and accordingly, the Floor Price has been determined. The company further added that it may, in accordance with the special resolution of the shareholders dated September 23, 2020 at its discretion, offer a discount of not more than 5%, if any.
The face value of these equity shares is Rs10 each.
Inox ended at Rs273.25 per piece up by Rs6.35 or 2.38% from its previous closing of Rs266.90 on the BSE.
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