IL&FS Engineering and Construction Company has received an approval to raise Rs 300 crore by way of issue of equity shares of face value of Rs 10 each to the existing equity shareholders on rights basis (Rights Issue), at a price of 7.5% less than the closing price of the share at NSE on October 09, 2013, subject to all applicable statutory and regulatory approvals. The board of directors at its meeting held on October 09, 2013 has approved for the same.
The terms and conditions of the Rights Issue, including the rights entitlement ratio, issue size, record date, timing of the issue and other matters shall be decided in consultation with the Lead Manager to the Rights Issue.
IL&FS Engineering and Construction Company is engaged in infrastructure development, construction and project management. The company has undertaken projects in segments such as roads/ expressways/ highways, buildings and industrial structures, irrigation canals and dams and thermal and hydel power.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
| View more.. | |
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