Zenith Birla Closure of Follow-on Public Offer for Equity Shares

Zenith Birla India Ltd has announced that the Follow-on Public Offer of 2,38,18,182 Equity Shares of Rs 10/- each for cash at a premium of Rs 45/- per share (i.e. issue price of Rs 55/- per share), which was opened for subscription on October 16, 2006 has been closed on October 20, 2006.

The aforesaid Follow-on Public Issue has been fully subscribed and the Company is in the process of finalization of Basis of Allotment in consultation with the Company's Registrar to the Issue M/s. Bigshare Services Pvt Ltd.

Source : Equity Bulls

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