The company had issued 34,74,900 units of ordinary shares at a face value of Rs 100 each to the general public on April 16-21. During the issue, a total of 2,730,987 applicants had applied for 29,906,520 units of shares.
Given that the issue was oversubscribed, the allotment took place as per Securities Issuance and Allotment Guidelines under which 347,490 applicants have been allotted 10 units of shares through lottery.
