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Markets - Preferential Allotments
Sesa Goa makes pref allotment

Mumbai, July 22

Sesa Goa has allotted 3,32,74,000 equity shares of Re 1 each at Rs 160.46 a share on a preferential basis to the promoters entity Twin Star Holdings, entailing an investment of about Rs 534 crore. Consequently, the company’s equity share capital increased to Rs 82.05 crore from Rs 78.72 crore, the company said in a statement to BSE. The shares have been allotted according to the terms of special resolution passed by shareholders at the extraordinary general meeting, it added. Sesa Goa owns 180.5 million tonnes of iron ore reserve. On Wednesday, Sesa Goa shares closed lower at Rs 227 on the BSE. —

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