Ganesh Housing allots 70,00,000 shares at Rs.325 to QIPs

Ganesh Housing Corporation Ltd has announced that the Board of Directors of the Company at its meeting held on February 12, 2007 has allotted 70,00,000 equity shares of Rs 10/- each at a premium of Rs 315/- per share aggregating to Rs 227.50 crores to Qualified Institutional Buyers in terms of QIP document filed with respective authorities for which the issue had closed on February 08, 2007 and the equity shares will be given to QIBs on receiving approval of listing from respective authorities.

Source : Equity Bulls

Keywords