DEE DEVELOPMENT ENGINEERS LIMITED : RECEIVES IN-PRINCIPLE APPROVAL FOR PREFERENTIAL ISSUE

• BSE Limited and National Stock Exchange of India Limited have granted in-principle approval for the issuance of 59,76,096 equity shares. • The shares will be issued at a face value of ₹10 each at a price of ₹502 (including premium of ₹492) per share. • The allotment is to Promoter and Non-Promoters (Public) on a preferential basis. • The company has been advised to strengthen internal controls to monitor trades by allottees. • The company must obtain undertakings from allottees confirming they will not do intra-day trading. • Listing application to be made within twenty days from the date of allotment.

Dee Development Engineers Ltd

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