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Gdr Issue

Apr 11, 2014 at 14:05 | Source: Moneycontrol.com
Cals Refineries has informed that BNY Mellon the Depository of GDRs of the Company, has issued a notice dated April 08, 2014 for the termination of Deposit Agreement with the Company and instructed the holders of the DRs to convert their holdings into Equity shares on or before July 08, 2014.
Mar 03, 2014 at 21:54 | Source: PTI
The Finance Ministry is working on widening the scope for issuance of foreign-listed securities by Indian firms against debt, sources said. Besides, it is also considering the option of giving ADR and GDR holders voting right to make such securities more attractive to foreign investors, they added.
Oct 25, 2013 at 09:26 | Source: Moneycontrol.com
SEBI has issued an Order against Cals Refineries in the matter of Market Manipulation using GDR Issues. As per the order Cals shall not issue equity shares or any other instrument convertible into equity shares or any other security, for a period of ten years. The Company is further planning to take a suitable action against the order of SEBI.
Sep 27, 2013 at 14:15 | Source: Moneycontrol.com
The regulator had charged Mavi of colluding with investment bank Pan Asia by subscribing to issues marketed by it, converting the GDRs into shares within a short time and then selling them back to entities controlled by Pan Asia and promoters of the companies.
Sep 26, 2013 at 16:12 | Source: PTI
The order has been passed after taking into account information provided by Mauritius regulator, Financial Services Commission (FSC). Mavi has undergone restraint from securities market imposed by Sebi for two years because of the charges levelled against it.
Sep 10, 2013 at 14:59 | Source: Moneycontrol.com
Country Club India at its meeting held on September 07, 2013, approved to raise funds by issue of GDR / ADR / QIP / ECB / FCCB upto the tune of USD 150 Million.
Sep 04, 2013 at 13:32 | Source: Moneycontrol.com
Tricom India at its meeting held on September 03, 2013 has approved an enabling resolution for raising resources by various modes like ADR, GDR, FCCB, QIP, Right Issue etc. subject to the approval of the shareholders of the Company under Section 81(1A) of the Companies Act, 1956 in the ensuing annual general meeting.
Sep 02, 2013 at 08:09 | Source: Moneycontrol.com
Farmax India at its meeting held on August 31, 2013, has considered and approved to Authorize the Managing Director of the Company to file a legal case with regard to the GDR Issue.
Aug 29, 2013 at 15:27 | Source: Moneycontrol.com
Farmax India Ltd has informed that a meeting of the Board of Directors of the Company will be held on August 31, 2013, to Authorize the Managing Director of the Company to file a legal case with regard to the GDR Issue.
May 30, 2013 at 08:36 | Source: Moneycontrol.com
Zylog Systems at its meeting held on May 29, 2013, has accepted exercise of over allotment option under the Information Memorandum dated April 25, 2013 and issue 1,450,000 GDSs (4,350,000 equity shares) at a price of USD 2.76 aggregating to USD 4,002,000.
Messages on Gdr Issue »

ganpattank

Silver Member

12 Followers

South Ispat  

-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

Bull2011

Platinum Member

85 Followers

Jagatjit Ind  

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

nanarayanan

Platinum Member

55 Followers

South Ispat  

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

nanarayanan

Platinum Member

55 Followers

South Ispat  

at as premium of Rs 4.10 and 88399980 shares at par(RS 10)are the price they got in GDR issue.Therefore they are not facing any financial problems and they can execute their future developments .

3.12 PM Mar 18th

nanarayanan

Platinum Member

55 Followers

South Ispat  

I have not visited the plant.They had gone for GDR issue by utilizing their holding and they are having Rs 90.23 cr as deposit in Foreign Bank. Please refer to their annual report for the year 2010-11.U will get all details.

10.02 AM Mar 18th

nanarayanan

Platinum Member

55 Followers

South Ispat  

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

nanarayanan

Platinum Member

55 Followers

South Ispat  

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

nanarayanan

Platinum Member

55 Followers

South Ispat  

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

BB21

Platinum Member

44 Followers

South Ispat  

What is the status of GDR?Is GDR allotment is over?Is GDR converted already?Is the money against GDR issue completely utilized for expansion,modernisation or acquisition etc?

6.05 PM Mar 12th

braja13

Silver Member

5 Followers

Jupiter Bio  

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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