Gulshan Sugars follow-on issue priced at Rs.40

Gulshan Sugars & Chemicals Ltd has announced that the Board of Directors of the Company at its meeting held on November 06, 2006, inter alia, has considered and approved, the updated final prospectus, for follow-on issue of 66,00,000 equity shares of Rs 8/- each at a premium of Rs 32/- per share (i.e. Issue Price of Rs 40/- per share) aggregating to Rs 2640 lacs.

The issue will open for subscription on November 22, 2006 and will close on November 28, 2006.

Source : Equity Bulls

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