Toys and gift articles maker Hanung Toys & Textiles Ltd today said it has extended the closing date of its $32 million (over Rs 140 crore) Global Depositary Receipts (GDR) issue till May 6, 2011.
"Board of Directors of the company at its meeting held on April 27, 2011 has decided that its GDR issue would now be closed for subscription on or before May 06, 2011," the company said in a filing to the Bombay Stock Exchange.
The company had opened the issue for subscription on April 18, 2011 with April 27, 2011, or earlier as closing date depending on subscription.
The firm had decided to issue 64 lakh GDRs at an issue price of $5 per receipt representing 64 equity shares with par value of Rs 10 each. It had kept an option to allot an additional 9.6 lakh GDRs represented by equivalent number of equity shares depending on the response to the issue.
The company's scrips closed at Rs 223.30 per share, down 1.02% from the previous close on the Bombay Stock Exchange.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app