Business - Briefly   

Easun Reyrolle raises $50 m

CHENNAI: Easun Reyrolle has raised $50 million through a combination of global depository receipts (GDRs) and foreign currency convertible bonds (FCCBs). The directors of the company, at their meeting held on December 5, allotted GDRs for $15 million at the rate of Rs. 315 per share and an amount of $35 million by way of FCCBs at a strike price of Rs. 400 per share, says a company release. — Special Correspondent

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Sustaining growth, a ‘critical challenge’
DIAL ties up bank loans
Sun opens war chest for Open Source developers
Gemini to expand RFID tags line
Montan Hydraulik’s second unit in Chennai
Call to reduce VAT on gold ornaments
‘Promote standalone health insurance cos.’
Higher-end version of Alto
ArcelorMittal to extend offer for all China Oriental shares
Forex reserves up $1.2 billion
Meet focusses on SME business development
Centre issues fertilizer bonds for Rs. 3,890 cr.
Equity Intelligence’s future growth plans
Bonus on Post Office MIA scheme restored
Kaybase partners global firms
Brigade Enterprises to tap market
Sensex up 170 points
Fake plastic surgeon
Eco-car project
Exchange Rates
Bullion Rates
Jet links Dhaka with Delhi, Kolkata
GVK Power to split share value
Karnataka Bank opens branch at Raigarh
Easun Reyrolle raises $50 m
iGATE sets up centre for Californian bank
Marlabs opens 600-seater facility
Joins Cognizant board

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu