The Hindu Business Line : Panyam Cem to issue pref shares

Panyam Cements & Mineral Industries Ltd has decided to issue, offer and allot on preferential basis up to 2.1 lakh equity shares of the face value of Rs 10 each to SPY Reddy & Associates or their nominees. To be issued in one or more tranches, the shares would be priced Rs 55 per share (including a premium of Rs 45), the company has informed the BSE.

The members at the extraordinary general meeting of the company held on January 10 have accorded authority to the board to take the decision subject to the necessary provisions & approvals, it said.

More Stories on : Preferential Allotments | Cement

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

Stories in this Section
USFDA approval for Aurobindo drug

Panyam Cem to issue pref shares

IMA award for TNPL director

`CEOs conduct key for success'

HPCL in talks with Total for Vizag project

Momentive to put up silicone plant near Chennai

ONGC, Mittal group make efforts to revive joint venture

Innovative group, Syrian Chamber sign pact

Shell in talks with ONGC for coal gassification

Biocon cancer drug to enter Pakistan

Does philanthropy lead to profits?

Ministry moots new fund to revive sick floriculture units

ONGC confirms oil finds in KG and Mahanadi basins

Inox plans more multiplexes

L.M. Thapar - a pragmatic industrialist