Soma Textiles Board allots 1,850,000 GDRs

Soma Textiles & Industries Ltd has announced that the Board of Directors of the Company at its meeting held on October 20, 2006, has approved the issue and allotment of 1,850,000 Global Depository Receipts (GDRs) worth USD 17.2975 million representing 18,500,000 underlying Equity shares of Rs 10/- each to the Depository - Deutsche Bank Trust Company Americas.

Source : Equity Bulls

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