Financial Daily from THE HINDU group of publications
Wednesday, Feb 22, 2006
Financial Daily from THE HINDU group of publications Wednesday, Feb 22, 2006 |
|
|
|
|
|
|
|
Corporate
-
Preferential Allotments Vimta Labs to raise Rs 78.41 cr via pref offer Our Bureau
Hyderabad , Feb.20 THE board of directors of Vimta Labs Ltd, the city-based contract research and clinical trials company, at its meeting here on Monday considered the proposal to raise funds of Rs 78.41 crore through preferential allotment of 8,25,432 equity shares of Rs 10 each at a price of Rs 950 per share. In a communication to stock exchanges, the company said it would offer to India Fund Inc of the New York-based Black Stone Group 2,33,079 equity shares of Rs 10 each at a price of Rs 950 per equity share (equivalent to 11,65,395 equity shares of Rs 2 each on sub-division of shares at a price of Rs 190 per equity share). The company proposes to offer to Voyager Fund Mauritius Ltd of Mauritius 2,33,079 equity shares of Rs 10 each at a price of Rs 950 per share and to Minivet Ltd of Mauritius 93,231 equity shares of Rs 10 each at a price of Rs 950 per share. The company also plans to offer to Franklin Templeton Asset Management India Pvt Ltd (Franklin India Smaller Companies Fund) 1,77,362 equity shares of Rs 10 each at a price of Rs 950 per share and 88,681 equity shares of Rs 10 each at a price of Rs 950 per share to Franklin Templeton Asset Management India Pvt Ltd (Franklin India Prima Fund). The Vimta Labs board also considered a proposal to increase the investment limits for foreign institutional investors, non-resident Indians and persons of Indian origin from 24 per cent to 49 per cent of the paid-up equity share capital, subject to approval of shareholders and other approvals that might be required from the regulatory authorities.
More Stories on : Preferential Allotments | Foreign Institutional Investors | Pharmaceuticals
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 | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, 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
|