Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
The QIP Committee has, at its meeting held today (commenced at 3:00 P.M. and concluded at 5:50 P.M.), inter-alia, approved the following: a.Approved and adopted the preliminary placement document dated September 3, 2019; b.Opening of the Issue on September 3, 2019; and c.The floor price for the Issue and the QIP Committee may, at its absolute discretion, offer a discount of not more than 5% on the Floor Price in accordance with Regulation 176 of Chapter VI Part IV of the SEBI ICDR Regulations. In relation to the Issue the Preliminary Placement Document dated Sept 3, 2019 is being filed with your office today on Sept 3, 2019. Further, in terms of the SEBI ICDR Regulations, the QIP Committee has fixed the ''Relevant Date'' for the purpose of the Issue as September 3, 2019 and accordingly the floor price in respect of the aforesaid Issue, based on the pricing formula as prescribed under Reg 176(1) of the SEBI ICDR Regulations is INR 644.08 per Equity Share. Kindly take the same on record.03-09-2019