Financial Daily from THE HINDU group of publications
Wednesday, Aug 03, 2005
Financial Daily from THE HINDU group of publications Wednesday, Aug 03, 2005 |
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Corporate
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Preferential Allotments Jubilant pref allotment Our Bureau
NEW DELHI: The board of directors of Jubilant Organosys Ltd has approved issuance of 9.9 lakh equity shares (of Rs 5 each) for cash, at a price of Rs 1,100 per equity share on a preferential basis to one or more investment entities affiliated with General Atlantic LLC or any other persons as may be deemed appropriate by the board. This would, however, be subject to satisfactory completion of due diligence and execution of definitive agreements. The board also approved hiking the FII investment limit in the company's equity share capital to 45 per cent. It also approved the allotment of about 7.17 lakh equity shares under the Jubilant employees stock option plan to select employees and directors. Each option will give the right to subscribe to one equity share of Rs 5 of the company, a notice issued to the Bombay Stock Exchange said.
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