Kiri Industries said its board at a meeting held on January 09, 2012 agreed to the proposal of raising funds up to Rs300 crore by ways of Qualified Institutional Placements ( QIPs) of equity shares or domestic convertible
bonds and/or non-convertible debentures with warrants or foreign currency convertible bonds ( FCCBs) or global depository receipts ( GDRs) or preferential allotment of equity or domestic convertible bonds and/or non-convertible debentures with warrants.
Reacting to this shares of the company hits 5% upper circuit, touching the monthly high of Rs91.40. Till now, over 6,367 shares have traded on the BSE as against the two-week average volume of 15,784 lakh shares.
Kiri Industries' board has authorised a committee of executive directors comprising Mr Pravin Kiri, Mr Manish Kiri and Mr Shanker Patel to explore various possibilities for raising of funds.
....more info
bonds and/or non-convertible debentures with warrants or foreign currency convertible bonds ( FCCBs) or global depository receipts ( GDRs) or preferential allotment of equity or domestic convertible bonds and/or non-convertible debentures with warrants.
Reacting to this shares of the company hits 5% upper circuit, touching the monthly high of Rs91.40. Till now, over 6,367 shares have traded on the BSE as against the two-week average volume of 15,784 lakh shares.
Kiri Industries' board has authorised a committee of executive directors comprising Mr Pravin Kiri, Mr Manish Kiri and Mr Shanker Patel to explore various possibilities for raising of funds.
....more info