MUMBAI: Hindalco Industries, India's top aluminium producer, aims to set its rights issue at Rs 96 a share and tweak the ratio to 3 shares for every seven held from 1:3, three bankers familiar with the deal said on Wednesday.
The month-long rights issue is set to open in September, said the bankers who declined to be identified because they were not authorised to speak to the media.
Company officials could not be immediately reached for comment.
Hindalco sent a notice to the stock exchange on Wednesday saying its board will meet on Aug. 14 to determine the price and other terms of the issue.
Hindalco shares closed at Rs 142.40 on Tuesday.
Search Stock Exchange News & Tips
Custom Search
Subscribe to:
Post Comments (Atom)
LinkWithin
Popular Posts
-
Bank of America is trying to figure out the regulatory barriers in doing business with India's largest private company Reliance Industri... -
SBI Bonds 2011 is going to list on the Exchanges effective from Wednesday, March 23, 2011 in the list of "F GROUP". SBI Bonds Seri...
-
Mumbai: Netherlands-based Rabobank Nederland announced on Friday that it had received permission from the Reserve Bank of India (RBI) to s...
-
Erasing its opening session gains, the Bombay Stock Exchange benchmark lost over 80 points during the pre-close session on Tuesday due to pr...
-
In what comes as a major setback to Infosys Technologies , board member TV Mohandas Pai has resigned, the company said in its press release ... -
The key benchmark indices surged, snapping four days' losses as world stocks rose and as a slide in crude oil prices from 2-1/2-year pea...
-
The 50-share Nifty index slipped to its 2-month low on Thursday, breaking key technical support levels of 5150 on weak global cues. "De...
-
Indian stock markets continued to trade marginally in the red in the afternoon trading session on Thursday. At 2.30 pm, the Nifty stood ...
-
Rajeev Chandrasekhar, Member of Parliament - Rajya Sabha tells exclusively to CNBC-TV18 that he is ‘underwhelmed by the new draft telecom p...
-
Finance Minister Pranab Mukherjee today presented Union Budget 2012 , the 81st Budget in India's history. Individually, this is Mukher...
No comments:
Post a Comment