Sujana Universal to raise $15 mn through GDRs
Andhra-based consumer durables manufacturer, Sujana Universal Industries Ltd on Monday said it has got shareholders approval for raising $15 million through the issue of GDRs.
By PTI |
MUMBAI: Andhra-based consumer durables manufacturer, Sujana Universal Industries Ltd on Monday said it has got shareholders approval for raising $15 million through the issue of GDRs.
The shareholders at the EGM held recently approved the raising of 15 million dollar through the issue of equity shares by way of Global Depository Receipts, the company informed the Bombay Stock Exchange.
The company would raise upto Rs 6.30 crore by issuing 30 lakh equity shares and 33 lakh warrants of Rs 10 each to promoters group.
The shareholders also approved to increase the authorised share capital to Rs 110 crore from Rs 80 crore.
Shares of the company were trading at Rs 27.90, up 1.64 per cent on the BSE.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
