-utilized Money Kept with Foreign Bank received from GDR issue : Rs 90.23 Crores - Updates on GDR listing status in Luxembourg Stock Exchange 5. Update on Working Performance of Subsidiary Company - Please update us the performance of SIEL FZE, 100% wholly owned subsidiary company having business office
10.17 AM Apr 10th
The settlement order in resepect of below need updation The Company has made a GDR Issue of 1260500 GDRswith each GDR representing 20 underlying shares aggregating to 25210000 underlying shares. The GDRs have been issued to " The Bank of New York", the Depository. These GDRs donot carry voting
8.09 PM Mar 28th
As far as I know that GDR issue details are given in Annual Report for the year 2010-2011.They have utilized from the GDR issue for their subsidiary at UAE to sale their products and trading of steel items.The update position on iron ore mine and palletization is not available.
9.10 PM Mar 19th
Now SIEL is having a subsidiary at UAE for trading their products .They have utilised Rs 33.06 cr for investment/advance in subsidiary at UAE,GDR issue expenses 2.62 cr,investment in mining operation9.70cr,investment i integral steel unit 0.44cr,and for expansion 0.67cr.Total amount spent from
10.45 PM Mar 16th
3,27,23,400 shares at a premium of Rs 4.10 and 8,83,99,980 at par are the GDR issue.The present value of these shares is 12.1123380 cr.The amount raised is 136.72 cr.If the company is able to utilize this opportunity they will be able to fulfill their vision to have a bright future of SIEL
10.12 PM Mar 16th
Mr BB21,plase refer to the16th Annual Report for the year 2010-2011 in which GDR issue details are given .Total amount raised is136.72 cr.Main investment from this amount is in mining operatin and investment in subsidiary .Unutilised money of 90.23 cr is kept with FOREGIN BANK
9.43 PM Mar 16th
Why you think of relisting,the CMD Venkat Ramana kalavalu applied to Official Liquidator Karnatak High Court for liquidation and I have received letter from SEBI,ROC,NSE & BSE.As explain Venkat with the help of his auditor AGV REDDY prepared false balance sheet showing about GDR issue
10.06 AM Mar 12th
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