Vikash Metal & Power has informed that the company plans to issue Global Depository Receipts (GDR) up to an aggregate of US$ 12 Million and the aforesaid issue of GDRs will open tentatively in the last week of March subject to necessary statutory and legal approvals.
The fixed minimum issue price of the proposed GDR is Rs.15.00 (INR) which has been determined in accordance with the amended guideline vide circular, New Delhi dated November 27, 2008 issued by the Joint Secretary to the Government of India.
Vikash Metal & Power was incorporated with the object of carrying on the business of trading in dolomite and iron & steel products.
No comments:
Post a Comment