Business Daily from THE HINDU group of publications Thursday, Jul 23, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Preferential Allotments 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. — Our Bureau More Stories on : Preferential Allotments | Minerals
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