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| Sesa Goa raises Rs 537 cr via share sale |
| Press Trust of India / Mumbai Jul 22, 2009, 21:13 IST |
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Country's largest iron ore exporter Sesa Goa today said it has raised Rs 537.24 crore by allotting over 3.32 crore equity shares to promoter's entity -- Twin Star Holdings -- on a preferential basis.
The Committee of Board of Directors, at its meeting held on Wednesday, allotted 3,32,74,000 equity shares of Re 1 each at a premium of Rs 160.46 per equity share to Twin Star Holdings, Sesa Goa said in a filing with the Bombay Stock Exchange.
The paid-up equity share capital of the company stands increased to Rs 82.05 crore from the existing Rs 78.72 crore following the latest allotment, it said.
The shareholders had approved a special resolution in this regard at extraordinary general meeting held on July 9, it said.
Sesa Goa, a Vedanta group firm, exports iron ore, fines and lumps to customers in Japan, China and Europe from ports on both the east and west coasts of the country.
The company is also involved in support activities like shipping and shipbuilding.
Shares of the company closed at Rs 227.05, down 2.45 per cent from the previous close on the BSE.
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