Business Daily from THE HINDU group of publications
Tuesday, Oct 09, 2007
ePaper
News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

 Corporate - Preferential Allotments
Everest Kanto pref issue gets nod

Chennai, Oct 8

Everest Kanto Cylinder Ltd has informed the BSE that the board of directors of the company at a meeting on October 6 discussed and approved allocation of bonds up to $35 million consequent to the FCCB issue of the company. The board also okayed preferential issue of 32 lakh equity shares to TVG India Investment Holdings Ltd and 3,48,027 equity shares to Brightwill Ltd, a subsidiary of a fund managed by CLSA Private Equity Management Ltd, at Rs 250 per share aggregating a t otal investment value of Rs 88.70 crores. It would be subject to a lock-in of one year in accordance with SEBI guidelines for preferential allotment and subject to the fulfillment of such terms and conditions as may be mutually agreed. The preferential issue of shares would result in additional issue of shares of 3.51 per cent of the enhanced equity share capital. An EGM would be convened on November 7 to approve the preferential issue of equity shares. - Our Bureau

More Stories on : Preferential Allotments

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

Stories in this Section
Dish TV to raise Rs 1,100 cr

Asiana Hotels unveils luxury property in Chennai
Keerti deploying SAP tool
Godrej Consumer to hike capital
Arvind Mills plans Rs 263.12-cr pref issue
Everest Kanto pref issue gets nod
Apollo Hospitals pref issue okayed
Bombardier bags contract for metro signalling
BHEL bags Vizag Steel order
Fabtech bags order for HPCL project
Kilburn Engg bags Rs 5.9-cr orders
Govt suggests revised approach to Glivec case
Autoline seeks FIPB nod for taking 51% stake in US co
Hindalco completes buying Alcan stake in Utkal Alumina
Caparo group expanding in India
Radico to set up distillery at Aurangabad
Praj Ind setting up sweet sorghum ethanol plant
MMTC proposes medallion, gold refining plant
Emmsons Intl floats Swiss arm
Fraport prefers multiple partner approach for projects in India
Boeing Defence keen on tie-ups with Indian cos
Tanla, O2 to offer PayForIt services in UK
Future Group entering marriage services sector
Mohit Ind plans to diversify
Surana Ind plans arm to tap windpower
Tata Steel rights to raise Rs 9,654 cr
Certification for MRPL lab
Air Deccan set to get last tranche of $40-m funding

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2007, 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