The company had invited applications for the shares from June 29 to July 29 through sealed bidding.TAG_OPEN_div_18 According to the company, the tenders were opened on June 26 and the bids were issued on July 30 as per the required examination and applicable laws and securities rules.
The amount of the applicants who have not been allocated will be refunded to the accounts of the banks and financial institutions mentioned in the application form from July 18 through the IPS system.TAG_OPEN_div_16
According to the company, the cut-off price of the undistributed right shares has been set at Rs 447.50 per share.TAG_OPEN_div_14
According to the company, the shares have been allotted proportionately on the basis of relative weightage to the applicants who submitted bids at the same price.TAG_OPEN_div_12 Laxmi Sunrise Capital has managed the issue of the undistributed right shares.
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