Adlabs board approves preferential
allotment of equity shares
Indiantelevision.com
Team
(24 May 2005 7:00 pm)
MUMBAI: Adlabs Films' board, which met on Tuesday, has approved
the allotment of equity shares of face value Rs 5 each at a premium
of Rs 145 per share issued on preferential basis.
The aggregated allotment is 14 per cent of the total
post issue paid up equity share capital of the company for a total
consideration of Rs 525 million.
Bear, Steams & Co and Arisaig Fund (India) were allotted 17,50,000
equity shares each.
