Issue of 62,27,860 equity shares of Rs. 10/- each at a price of Rs.35/- per equity share (including a Premium of Rs.25/-per Equity Share) of Somi Conveyor Beltings Ltd for cash aggregating to Rs.21.80 Crores (issue). The issue comprises of contribution by promoters, of 14,99,286 equity shares of Rs. 10/-
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Sunday, June 15, 2008
Somi Conveyor Beltings Ltd IPO
Posted by Black Widow at 11:16 PM 0 comments
Real estate sector facing severe cash crunch
The recent bloodbath in the real estate sector has started taking a toll. Almost all large developers are now facing a severe cash crunch and finding it difficult to complete their ongoing projects. In fact, the situation is so bad that most of them have reported a 50-70% cash shortfall. Industry sources told SundayET
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Posted by Black Widow at 11:13 PM 0 comments
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