Premier allots 43,26,000 convertible warrants to Modena

Saturday, March 17, 2007, 11:21 [IST]

Mumbai, Mar 13 (UNI) Premier Ltd has informed the BSE that the Board of Directors of the Company at its meeting held today has allotted 43,26,000 convertible warrants at a price of Rs 39.43 per warrant to Ms Modena Investment and Trading Co Pvt Ltd, one of the promoters of the Company, on a preferential basis in accordance with Securities and Exchange Board of India (SEBI) guidelines.

The Company has also added that the said warrants are convertible into an equivalent number of equity shares of Rs 10 each, at a premium of Rs 29.43 per share within 18 months from the date of allotment.

UNI

Topics: BUSINESS-PREMIER (RPTING FOR AURANGABAD)

Other articles published on March 17, 2007

Nalco announces second interim dividend

Saturday, March 17, 2007,11:21 [IST]

Bhubaneswar, Mar 13 (UNI) The National Aluminium Company Limited (NALCO), leading manufacturer and exporter of alumina and aluminium - in the country, has announced second interim dividend of 15 per cent on a total paid-up capital of Rs 644.31 crore for the 2006-07. Earlier, the company had paid an interim dividend of 35 per cent last month. With the latest dividend, the pay out works out to be Rs 322.15 crore and a total 50 per cent interim dividend. During.....

Havell's to buy out SLI Sylvania's lighting biz for $300 mln

Saturday, March 17, 2007,11:22 [IST]

New Delhi, Mar 13 (UNI) Havell's India Ltd today said its Neitherlands-based subsidiary will acquire SLI Sylvania's lighting business for 300 million dollars in cash. This take over by Havell's Neitherlands BV is expected to be financed with non-recourse debt facilities of 160 million dollars and recourse facilties of 105 million dollars by way of loan/equity through Havell's subsidiaries granted by the company. Havell's India Chairman and Managing Director (CMD) Qimat Rai Gupta told reporters while signing an agreement with SLI.....

Limitless Updates

Business News

News Archives

VSNL-Microsoft to launch biz msging and collaboration services

Saturday, March 17, 2007,11:22 [IST]

New Delhi, Mar 13 (UNI) Videsh Sanchar Nigam Ltd (VSNL) and Microsoft will jointly launch ReadyAccess Business Messaging and Collaboration Services, as part of the first joint market development initiative for Microsoft India. Targeted towards the rapidly growing small and medium enterprise (SME) market in India, this service provides secure, enterprise grade messaging capabilities with quick and easy deployment on a pay per use basis, without the need for high up-front capital investments. The company's Vice-President (Managed Services) Abid Qadiri.....

Brakes Auto to pump in Rs 100cr for HMV, LMV parts

Saturday, March 17, 2007,11:22 [IST]

New Delhi, Mar 13 (UNI) Brakes Auto India Ltd will invest Rs 100 crore in its new venture in Chennai and Kolkata to manufacture heavy vehicle and light vehicle parts. The company's Managing Director S Suresh Sharma said Brakes Auto will manufacture automobile, locomotive, aerospace and maritime components at the new facilities. ''The company also plans to manufacture specific items used in defence mechanism and locomotives, wagons and engine parts,'' he said in a statement. UNI.....

Havell's to acquire SLI Sylvania's lighting biz for $300mln

Saturday, March 17, 2007,11:22 [IST]

New Delhi, Mar 13 (UNI) Havell's India, one of the leading electrical products company, today announced the acquisition of SLI Sylvania's lighting business for 300 million dollars in an all-cash-deal. Its Netherlands-based subsidiary -- Netherlands BV -- has signed an agreement with SLI Holdings Inc, for the latter' buyout. The acquisition process will be completed in between April-May this year. ''Sylvania's acquisition will provide us a platform with strong brands and established distribution channels in the global lighting industry with a.....