Mcleod Russel to Issue equity shares to QIBs

Mcleod Russel India Ltd has announced that the Qualified Institutional Placement Allotment Committee of the Board has on November 08, 2006 allotted 99,07,305 new Equity Shares of Rs 5/- each at a price of Rs 120/- per share inclusive of premium to the Qualified Institutional Buyers (QIBs) who had applied for the said shares in the issue made by the Company by way of Qualified Institutional Placement in terms of Chapter XIII-A of SEBI (Disclosure and investor Protection) Guidelines, 2000.

Source : Equity Bulls

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