Financial Daily from THE HINDU group of publications
Saturday, Aug 06, 2005
Financial Daily from THE HINDU group of publications Saturday, Aug 06, 2005 |
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Markets
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Preferential Allotments Simplex Concrete to make pref allotment to Mauritius firm Our Bureau
New Delhi , Aug 5 SIMPLEX Concrete Piles on Friday decided to make a preferential allotment of 12.85 lakh equity shares translating into Rs 93.32 crore to Mauritius-based Beethoven Ltd. This amounts to 14.99 per cent stake in the infrastructure solution provider. "Simplex Concrete Piles on Friday has decided to issue 12,85,000 equity shares of face value of Rs 10 at a price of Rs 726.30 per share (at a premium of Rs 716.30 per share) to Beethoven Ltd, a Mauritius-based company on preferential allotment basis, being 14.99 per cent of post issue equity share capital of the company subject to the approval of the members of the company in General Meeting by way of special resolution," a company release said here.
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