Bank of Rajasthan to issue shares / warrants on preferential basis

Bank of Rajasthan Ltd has announced that the Board of Directors of the Bank at its meeting held on December 07, 2007, has considered to issue equity shares and warrants on preferential basis subject to approval by the shareholders.

The company will allot M/s. Glasia Mauritius II Ltd., (Avenue Capital Group) (FII) 65,00,000 equity shares at an Offer price per share ## of Rs 200/-

M/s. BNP Paribass S.A (FII) will be allotted 70,00,000 equity shares at an Offer price per share ##: Rs 200/-

M/s. Shree Naman Developers Ltd (Domestic Company) will be allotted 35,00,000 warrants at an Offer price per warrant ## of Rs 202/-

M/s. Darashaw & Company Ltd (Domestic Company) will be allotted 65,00,000 warrants at an Offer price per warrant ## of Rs 202/-

## or the minimum issue price calculated in accordance with chapter XIII of Guidelines for preferential Issue of the SEBI (DIP) Guidelines, 2000 whichever is higher for cash on a preferential basis.

Source : Equity Bulls

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