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Gammon India to swab Rs.144.32crore via favored issue

Wednesday, June 17, 2009 4:15 pm
By ShareGyan.com NewsDesk

Gammon India considers swabbing Rs.144.32crore by means of a favored issue to its advertisers. The company’s board has sanctioned the offer.
According to the company’s BSE filing, Gammon India will assign 1.60lakh equity warrants, exchangeable into an equal sum of equity shares, to a grasp of investors at a cost of Rs.90.20 on each warrant.
The company is likely to summon a meeting of its shareowners for attaining their sanction for the same.

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