Financial Daily from THE HINDU group of publications
Tuesday, Mar 23, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Corporate - Preferential Allotments


Merven Drug allots share warrants to fund cos

Our Bureau

Hyderabad , March 22

MERVEN Drug Products Ltd (MDPL), a Hyderabad-based pharmaceutical company into which Arch Commerz got reverse merged, has informed the stock exchanges that its board of directors has approved the allotment of share warrants to ICICI Venture Fund and the Mauritius-based Swiss Tec Venture Capital Fund Pvt Ltd.

According to the company, the board has allotted 5,67,324 warrants to India Advantage Fund-II, represented by ICICI Venture Funds Management Company Ltd, and 90,00,000 cumulative convertible preference shares to Swiss Tec Venture Capital Fund.

More Stories on : Preferential Allotments | Pharmaceuticals

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Bharti to bid for airport update project with Changi


Reliance Energy EGM okays pref allotment
Merven Drug allots share warrants to fund cos
AxSys nod for stake allotment to 2 foreign funds
Dr Reddy's files for new drug, faces litigation
Jindal Stainless plans to raise $100 m via ECB
Match units run by family members — Competent authority must decide on Factories Act applicability: HC
FIIs silent on L&T cement demerger amendments
Co secretaries seek inclusion in WTO classification
Industry asked to promote exit scheme for defunct cos
Employees urge Kerala Govt to review decision on Coke
Voltas, Oman co in distribution pact
Corporates join WEF-CII drive to combat tuberculosis
SPS firms up plans for Rs 40-cr public issue
STC looking at over 250 pc turnover growth
Alfa Laval looks to Africa
M&M hopes to export 6,000 tractors this year
Madhucon chief quits



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line