COMPANY LAW
| Rights issue to raise Rs 1,179 cr, clarifies EIH Thu, 17 Feb 2011 00:53:14 +0530 |
| Hospitality firm EIH Ltd, which operates the Oberoi and Trident brands of hotels and resorts, on Wednesday issued a clarification on its rights issue, saying it will raise Rs 1,178.86 crore through issuing shares at Rs 66 apiece. In a clarification to the Bombay Stock Exchange, the company said, “The issue price of the equity shares being offered in the rights issue was inadvertently mentioned as Rs 65 per equity share, including a premium of Rs 63 per equity share.” “The rights issue committee has approved the issue price of Rs 66 per equity share, including a premium of Rs 64 per equity share and the consequent increase in the amount being raised in the rights issue to Rs 1,178 crore,” the statement said. On February 11, the firm said that it will issue Rs 17.86-crore equity shares (at a share price of Rs 65) on a rights basis to its shareholders, “aggregating to approximately Rs 1,161 crore”. |
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