*(View taken from their reports)

Five-lakh equity shares are reserved for employees. 50% of the net issue shall be allotted on a proportionate basis to qualified institutional buyers, QIBs with 5% of the QIB portion available for allocation on a proportionate basis to mutual funds. Not less than 15% of the net issue will be available for allocation on a proportionate basis to non- institutional bidders and not less than 35% will be available for retail individual bidders on a proportionate basis.

Through a shareholders' agreement in February 2006, Bennet, Coleman and Co has acquired 5 lakh equity shares at a price of Rs 150 per share (Rs 7.5 crore), constituting 1.99 per cent of the post issue equity share capital of the company.

The issue proceeds will part-finance an integrated textile unit at Roorkee in northern Uttaranchal.

The total cost of the unit is Rs 168.44 crore and the company proposes to raise rupee term loans from banks/financial institutions. The term loan component is Rs 90 crore.

Karvy Investor Services and Anand Rathi Securities are the book running lead managers for the issue and Karvy Computershare is the registrar. The issue closes on October 5.