Bheema Cements allots shares to banks

G Naga Sridhar Updated - February 12, 2014 at 01:51 PM.

The shares allotment committee of the Bheema Cements Ltd on Wednesday allotted 16,636 equity shares of ₹10 each at a premium of ₹78 each to banks against funding of interest on term loan as per Corporate Debt Restructuring (CDR) package.

It had also allotted 33,164 zero per cent cumulative redeemable preference shares of ₹100 each at par to banks for the same purpose, the Bombay Stock Exchange was informed.

Published on February 12, 2014 07:55