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Orient Paper & Industries informs about outcome of rights issue committee meeting

Orient Paper & Industries has informed that the Rights Issue Committee of the Company, in its meeting held on February 17, 2017 has approved the allotment of 7,316,742 Equity shares of face value Rs 1 each at a price of Rs 68 per equity share (including a premium of Rs 67 per equity share) issued on a rights basis, to all eligible applicants, who have subscribed to the said issue and whose applications were valid. Pursuant to above, the paid up share capital of the Company stands increased to Rs 2,121.86 divided into 212,185,502 Equity shares of Rs 1 each.

The above information is a part of company’s filings submitted to BSE.

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