Financial Daily from THE HINDU group of publications
Wednesday, Oct 27, 2004
Financial Daily from THE HINDU group of publications Wednesday, Oct 27, 2004 |
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Markets
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Foreign Institutional Investors Corporate - Preferential Allotments Ind-Swift okays pref allotment to FIIs Our Bureau
Mumbai , Oct. 26 THE Chandigarh-based Ind-Swift Laboratories Ltd (ISLL) has finalised a preferential allotment of 15 lakh shares, or seven per cent of its equity, to foreign institutional investors (FIIs) - Swiss Finance Corporation (Mauritius) Ltd and Aeneas Portfolio Company LP. "The company has finalised allotment of 10 lakh shares to Swiss Finance Corporation (Mauritius) Ltd, a subsidiary of UBS Group, and another five lakh shares to the New York-based Aeneas Portfolio Company LP on a preferential basis," it said in a communiqué issued here after it's board meeting. Further, company officials said that the Board had also finalised the preferential allotment of 30 lakh shares to promoters and other corporate bodies. Earlier this week, the ISLL counter had witnessed a block deal of five lakh shares bought by Lloyd George fund, the note said. ISLL is a research-oriented company that operates in the bulk drugs segment.
More Stories on : Foreign Institutional Investors | Preferential Allotments | Pharmaceuticals
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