Financial Daily from THE HINDU group of publications
Tuesday, Feb 08, 2005
Financial Daily from THE HINDU group of publications Tuesday, Feb 08, 2005 |
|
|
|
|
|
Corporate
-
Preferential Allotments Rayalaseema Alkalies record date Our Bureau
HYDERABAD: Sree Rayalaseema Alkalies & Allied Chemicals Ltd has informed stock exchanges that its board, after considering the Andhra Pradesh High Court order sanctioning the scheme of arrangement, has fixed February 25 as record date to determine the eligibility of existing shareholders to receive new equity and cumulative redeemable preference shares in cancellation of their existing equity shares. In terms of the scheme of arrangement sanctioned by the court, the company has to issue one new equity share and one cumulative redeemable preference share of Rs 10 each for every two existing equity shares of Rs 10 each. The company has to issue 1,03,87,175 new equity shares of Rs 10 each to IDBI and 1,82,23,780 new equity shares to IFCI on a preferential allotment basis. Further, the company would issue Rs 20-crore convertible warrants or new equity shares of Rs 10 each to promoters on preferential allotment basis.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|