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Successful
closure for RIL's $350mn term loan facility
Mumbai: Reliance Industries Limited's (RIL), $350
million multi-currency term loan facility has closed successfully,
according to a press release issued by it.
According to the company, the final size of the facility
was increased from its initial size of $250 million, due
to an overwhelming market response.
The facility comprises a dollar, euro and Japanese yen
tranche to cater to the diversified international investor
base, for RIL paper.
The proceeds of this transaction will go towards RIL's
ongoing capital expenditure programme.
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Provogue
IPO subscribed 8.1 times
Mumbai:
The public issue of Provogue, which opened today has been
subscribed 8.1 times. It entered the capital market with
40,49,402 equity shares of Rs10 each for cash at a premium.
Its
price band has been fixed between Rs130 and Rs150. The
issue closes on June 16, 2005.
SBI Capital Markets, Karvy Investor Services and Anand
Rathi Securities are the book running lead managers to
the issue.
The equity shares of the company will be listed on the
BSE and the NSE.
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Bharti
Tele issues 1.25 lakh shares to SCIPL
New Delhi: Bharti Tele-Ventures Ltd has said that
it has issued 1.25 lakh equity shares to Shyam Cellular
Infrastructure Projects Ltd (SCIPL) upon conversion of
optionally convertible redeemable debentures (OCRDs).
The directors have issued 1,25,888 equity shares to SCIPL
upon conversion of balance OCRDs of Rs2.35 crore, Bharti
informed the BSE.
The Rs2.35 crore OCRDs are part of the total OCRDs of
Rs375 crore which were issued to SCIPL last year as part
of consideration for acquisition of 67.5 per cent stake
of Shyam Group in Hexacom India Limited, holder of licences
for Rajasthan and North-E ast Circle, it added.
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Wockhardt
subsidiary Carol Info to buy-back shares
Mumbai: The life sciences arm of Wockhardt, Carol
Info Services Ltd proposes to buy back 53 lakh shares
from the open market at a price of Rs40 per share.
The Board at its meeting held on Friday has approved the
buy-back of shares from the open market through the stock
exchanges up to a maximum of 53 lakh shares at a maximum
price of Rs40 per share, the company has informed the
BSE.
The company was earlier known as Wockhardt Life Sciences
Ltd.
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Sujana
Industries to raise $20mn from overseas
New Delhi: Sujana Industries Ltd, part of the Hyderabad-based
Sujana group with interests in steel, has said that it
intends to raise $20 million through issue of Global Depository
Receipts (GDRs).
The board has approved the issue of equity shares by way
of GDRs to the extent of $20 million, the company informed
the BSE.
It also approved the issue of preferential shares to the
extent of Rs1.42 crore consisting of 14.2 lakh equity
shares of Rs10 each at a premium of Rs15 per share to
the promoters.
The authorised share capital of the company would be increased
from Rs20 crore to Rs50 crore.
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M&M
board to consider bonus issue on June
14
Chennai: Mahindra and Mahindra has informed the Bombay
Stock Exchange that a meeting of the board of directors
of the company will be held on June 14 to consider the
issue of bonus shares. For the year ended March 31, 2005,
the company has recommended a dividend of 100 per cent
and a special dividend of 30 per cent, aggregating to
130 per cent Rs13 per share.
As on March 31, 2005, the equity capital stood at Rs116.01
crore and reserves at Rs1,881.93 crore.
The last bonus issue was declared in 1995 in the proportion
of two shares for every three shares.
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