Financial Daily from THE HINDU group of publications
Sunday, Nov 30, 2003
Financial Daily from THE HINDU group of publications Sunday, Nov 30, 2003 |
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Corporate
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Announcements Gujarat Ambuja allots shares Our Bureau
MUMBAI: Gujarat Ambuja has allotted 11,67,634 equity shares at Rs 222.34 per share, on conversion of rating enhanced equity linked securities (REELS) or foreign currency convertible bonds. The value of the allotted shares is $5.6 million (around Rs 25 crore), the company in a notice to the stock exchanges. This is out of the total REELS issue size of $99.3 million (around Rs 456 crore), convertible up to January 2006, at the rate of Rs 222.34 per share. The conversion rate is as per the terms of the offer document for issue of REELS, said the notice.
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