Integrated textile designing firm Himatsingka Seide Ltd informed that the company has raised $60 million by way of Global Depositary Receipts (GDRs), which will be listed on the Luxembourg Stock Exchange.
The amount was raised through the issue of 2,09,64,360 GDRs, which opened on December 12, 2005 and closed on December 15, 2005, the company informed the Bombay Stock Exchange.
Each GDR representing one underlying equity share was priced at $2.862 against the closing price of Rs 139.85 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.
ICICI Securities and Kotak Mahindra Capital Company were the joint global coordinators and joint book-runners for this issue.
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