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Tuesday, Feb 22, 2005

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Corporate - Preferential Allotments


Madhucon pref allotment

Our Bureau

HYDERABAD: Madhucon Projects Ltd has informed the bourses that its board, at a meeting on Monday, approved allotment of four lakh equity shares of Rs 10 each at an issue price of Rs 390 per share on preferential allotment basis to Reliance Energy Investments Pvt Ltd (3.5 lakh shares) and Ms Rajani Jain (50,000 shares). The shares have a lock-in period of one year as per SEBI guidelines.

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