• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai, July 7

The promoters of Apollo Hospitals Enterprise Ltd have secured a right to subscribe to 12.65 lakh equity shares of the company at a price of Rs 499.03 each. An extraordinary general meeting of the company on Monday armed the board of directors with powers to issue 12.65 lakh warrants to the promoters. The promoters would therefore bring Rs 63.12 crore into the company. Each warrant is convertible into one equity share. Shareholders also approved another resolution paving the way for the company to raise $115 million (Rs 520 crore) by an issue of shares through a public issue or rights issue or international offerings.

More Stories on : Private Placement | Medical Institutions & Hospitals

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Apollo Hospitals to issue 12 lakh shares

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