Financial Daily from THE HINDU group of publications
Sunday, Aug 24, 2003
Financial Daily from THE HINDU group of publications Sunday, Aug 24, 2003 |
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Corporate
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Preferential Allotments Jisco gets Rs 14.82 cr from Citicorp Our Bureau
Mumbai , Aug. 23 JINDAL Iron & Steel Co Ltd (Jisco) has received subscription proceeds amounting to Rs 14.82 crore from Citicorp Banking Corporation, Bahrain (CBC) in lieu of the 2.78 per cent of the equity capital issued to CBC on preferential basis at the rate of Rs 121/- per share. Jisco said it is approaching the stock exchanges at Mumbai, New Delhi and the National Stock Exchange for listing and trading of shares. As per the agreement between the company and CBC, the latter is expected acquire an additional 2 per cent equity through stock market purchases so as to increase CBC's holding up to 4.78 per cent.
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