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Friday, October 12, 2007
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News Update as at 18.00 hrs (IST)


Corporate
Sinclairs Hotels to issue shares at Rs 172 each

MUMBAI: Sinclairs Hotels Ltd said on Friday that its board had approved a preferential issue of shares at Rs 172 each.

The company will also allot warrants that allows the holder to subscribe to each share at the same price.

The company will allot 3,53,384 shares and 2.5 million warrants to global investors - private equity firms Xander Group Inc and Meridia Capital, and U.S.-based Morgan Creek and promoters.

Prev: Ranbaxy to up stake in Zenotech Labs
Next: Rolta India Q1 results on Oct 22; plans bonus issue

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