Textile company, Himatsingka Seide has raised US$60mn
by way of global depositary receipts (GDRs), which will
be listed on the Luxembourg Stock Exchange.
company raised the amount through the issue of 2,09,64,360
GDRs, the company informed the Bombay Stock Exchange.
The issue opened on December 12, 2005 and closed on December
GDR, representing one underlying equity share, was priced
at US$2.862 against the closing price of Rs139.85 per
equity share on the NSE on December 15, 2005. The pricing
of the GDR was in compliance with the ministry of finance
guidelines dated August 31, 2005.
Securities and Kotak Mahindra Capital Company were the
joint global coordinators and joint book-runners for