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Article: Kovilpatti Lakshmi plans follow on offer.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- November 22, 2006
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Kovilpatti Lakshmi plans follow on offer
Mumbai, Nov 21 (PTI) Kovilpatti Lakshmi Roller Flour Mills Ltd, a company with diversified interests in wheat flour milling, cotton yarns and sheet metal, would enter the capital market with a follow-on offer on November 27 to raise Rs 14.30 crore to fund expansion.
The proceeds of the issue are to be used to part finance its Rs 30.60 crore expansion plan, including an investment into a Coimbatore-based Eltex Super Castings Ltd and setting up of two additional windmills, Company Managing Director Suresh Jagannathan told reporters here.
The issue offers 26 lakh shares priced at Rs 55 per share and closes ...