Rights Issue
Indian Hotels Rights Issues Closing Date Extended to 24th April
Indian Hotels Co Ltd, the country’s top hotels operator, has extended the close of Indian Hotels rights issue of equity shares by nine days. The issue of 120.6 million shares to raise Rs844 crore ($210 million), was scheduled to close on 15 April but will now close on 24 April.
The rights issue of the Tata [...]
Indian Hotels Rights Issue Offer
Indian Hotels is making unlinked offers of equity shares (one for every five held) and 6 per cent NCDs (non-convertible debentures) with a detachable warrant (one for every 10 shares held). The equity shares are being offered at Rs 70 per share, a steep 35 per cent discount to the current market price. Shareholders can [...]
Godrej Consumer Products Rights Issue Record Date
Godrej Consumer Products Ltd has informed the BSE that it has fixed March 19, 2008 as the Record Date for the purpose of rights issue of equity shares.
Shares of Godrej Consumer Products were trading lower Wednesday, 5th March, after the company announced rights issue. The issue will be in the ratio of 1:7 i.e. one [...]
Ushdev International Board recommends Right Issue
Ushdev International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 18, 2008 has recommendation of Right Issue in the proportion of 1 (one) equity shares for 2 (two) equity shares already held at a premium of Rs 90/share, subject to approval by the shareholders.
The each [...]
SBI Rights Issue May Open on 18th February 2008
The State Bank of India rights issue is likely open on 18th February 2008. Even though the market is experiencing the turbulence and primary market is bearing the losses, SBI - the country’s largest commercial bank would go ahead with the rights issue of Rs 16,700 crore as planned.
The rights issue offer is 1:5 - [...]
Tata Steel Limited Rights Issue Allotment Status
In the Tata Steel [Telco] rights issue, equity shareholders of Tata Steel will get one rights share for every 5 shares held [5:1]. Tata Steel has priced the rights issue at Rs. 300 per share for this option.
There was one more option for investors for this rights issue. The rights issue was with ratio of [...]
English India Clay Rights Issue
English India clay board has approved rights issue of 7,44,830 Equity Shares of Rs 10/- each at a premium of Rs 990/- pre share aggregating to Rs 74.48 Crores on right basis in the ratio of 1:6
