Signals, Powered By EquityPandit
NCC has received approval for fund raising through Qualified Institutional Placement (QIP).
The QIP Committee of the board of directors of the company, has given approval to the floor price of Rs.129.47 per share for the QIP, which is determined in accordance with the pricing formula provided under Regulation 85(l) of the ICDR Regulations.
Furthermore, the committee might also provide a discount of not more than 5% or such other percentage as may be permitted under the applicable law on the QIP floor price. The relevant date for the purpose of the QIP is January 24,2018.
