Alembic To Issue 1.25 Lakh Shares On Preferential Basis

omoters group and 20,000 shares to (NRI/OCBs) at a premium of Rs 550 per share. In addition, the company has already allotted 5 lakh 13.5 per cent redeemable non-convertible cumulative preference shares of Rs 100 each at par on private placement basis. These two measures has resulted in cash inflow of Rs 13 crore. Earlier, Alembic came out with 2:5 rights issue in the month of July 1996. The issuance of 1.64 lakh shares at a premium of Rs 850 per share resulted.