Financial Daily from THE HINDU group of publications
Friday, Dec 26, 2003
Financial Daily from THE HINDU group of publications Friday, Dec 26, 2003 |
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Corporate
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Preferential Allotments Mount Everest Mineral Water makes pref offer Our Bureau
Mumbai , Dec. 25 MOUNT Everest Mineral Water Ltd has made a preferential offer of optionally convertible debentures (OCDs) aggregating Rs 8.10 crore to a group of financial investors and a promoter of the company. According to an official release, the funds raised from the offer would be utilised for repayment of bank loan, expansion of capacity, and working capital of the company. The OCDs are convertible into equity shares at a price of Rs 22 per share within 18 months from the date of allotment. The issue is subject to approval of the shareholders at the extraordinary general meeting to be held on January 17, and other statutory approvals, informed the release.
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