Entries Tagged 'Rights Issue' ↓

Indian Hotels which has previously announced that its considering an rights isse has today informed the exchanges that the Board meeting will be held on September 27 2007 to finalise the rights issue.
    
At 1.55 pm Indian Hotels Company is quoting at Rs 137.65, up Rs 6.70, or 5.12%. It has touched an intraday high of Rs 139.50 and an intraday low of Rs 132.10.

It is trading with volumes of 2,582,405 shares on the NSE. On Friday the share closed up 1.95% or Rs 2.50 at Rs 130.95.

Federal-Mogul Goetze (India) fixed Sep. 24, 2007 as the record date for the purpose of issue of shares on right basis.The company will be issuing 7,333,390 shares, of Rs 10 each, at a price of Rs 145 (including Rs 135 premium) on right basis.

Cholamandalam DBS Finance has informed to the exchanges that, it has fixed Sep. 18, 2007 as the record date for the purpose of rights issue.

Cholamandalam DBS Finance will issue a total of 14,229,929 shares for rights issue at a price of Rs 140 per share, and the ratio for the rights issue is 3:8, that is three new shares for every eight existing shares held.

Shares of the company were last trading up Rs 16.6, or 8.83% up at Rs 205.55 on Bse (Monday).

The Board of Directors of Exide Industries at their meeting held in Kolkata on Tuesday 28th August 2007  has announced plans to raise Rs.150 crore through a rights issue of share in the ratio of 1:15 (that is, one share for every 15 shares held), priced at Rs 30. The face value of each share is Rs 1.

Automotive battery maker Exide Industries Ltd. said on Tuesday its board would meet on August 28 to consider the issue of rights shares.

 The board of directors of Pantaloon Retail India at its meeting held on Aug. 18, 2007, decided to issue of 4 million equity shares of Rs 2 each, at a premium of Rs 498, aggregating to 2 billion, on preferential basis to private investors.

The board has also decided to issue 21,200,000 warrants at a price of Rs 500 per warrant aggregating to Rs 10,600 million to promoter group, Pantaloon Employee Welfare Trust and select employees of the company.

The warrant-holders have the option to acquire the same number of equity shares in one or more tranches within a period of 18 months from the date of issue of warrants. The relevant date for pricing for the aforesaid issue of securities is Aug. 19, 2007.

Further an extraordinary general meeting of the company is scheduled on Sep. 18, 2007 for obtaining shareholders approval for the aforesaid purpose.

The board has also given its consent as holding company for the initial public offering (IPO) by Future Capital Holdings for 10% of the post issue capital.

Shares of the company were last trading up Rs 20.95, or 4.39%, at Rs 498.00. Total volume of shares traded at the BSE was 200 (9.57 a.m, Monday).

The board of directors of Ugar Sugar Works at its meeting held on Aug. 18, 2007, recommended rights shares in the ratio of 1 share for every 4 shares held, at a premium of Rs 7 a share i.e. total Rs 8 a share, which is subject to the approval of the shareholders in the general body meeting to be held on Sep. 28, 2007.

Shares of the company were last trading up Rs1.16, or 10.23%, at Rs 12.50. The total volume of shares traded at the BSE was 2,651. (10.19 a.m, Monday