Godrej Industries raises funds through issue of shares at Rs 214

Godrej Industries Ltd has announced that at the meeting of the Board constituted Committee held on November 20, 2007, has allotted 27,906,950 equity shares of Re 1/- each a premium of Rs 214/- per equity share to various entities.

The entities to whom the shares are allotted are: ABN Amro Bank N.V. London Branch: 274,000 shares, Deutsche Securities Mauritius Ltd: 2,300,000, Emerging Markets Investment LLC A/c EMSAF-Mauritius: 1,860,000, First State Investment (Hongkong) Ltd A/c First State Indian Subcontinent Fund: 36,977 shares, Kotak Mahindra Bank Ltd: 185,000 shares, Kotak Opportunities: 200,000 shares, Sloane Robinson LLP A/c SR Global (Mauritius) Ltd (Class C-International): 590,000 shares, Sloane Robinson LLP A/c SR Global (Mauritius) Ltd (Class B-Asia): 3,143,000 shares, Quantum (M) Ltd: 5,311,5000 shares, State Bank of India (Equity): 13,952,950 shares, The Royal Bank of Scotland PLC as Depository of First State Indian Sub Continent Fund A Sub Fund of First State Investments ICVC: 53,523 shares.

The stock closed the day at Rs.248.25, down by Rs.12.65 or 4.85%. The stock hit an intraday high of Rs.264.90 and low of Rs.247.90.

The total traded quantity was 94642 compared to 2 week average of 137649.

Source : Equity Bulls

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