Videocon Industries allots 15,700,000 underlying equity shares represented by GDRs

Videocon Industries Ltd has closed the GDR Issue and allotted 15,700,000 underlying equity shares of face value of Rs. 10/- each, represented by 15,700,000 GDR at a price of US$ 2.88 per GDR, equivalent to Rs. 181.61 per equity share aggregating to US$ 45.216 Million. The exchange rate considered is as per the RBI dollar to rupee reference rate as on December 19, 2014 which is Rs. 63.07.

The GDRs are proposed to be listed on Luxembourg Stock Exchange.

Shares of VIDEOCON INDUSTRIES LTD. was last trading in BSE at Rs.165.55 as compared to the previous close of Rs. 165.45. The total number of shares traded during the day was 171041 in over 2043 trades.

The stock hit an intraday high of Rs. 169.7 and intraday low of 164.1. The net turnover during the day was Rs. 28334315.

Source : Equity Bulls

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