Anant Raj Industries EGM to approve issue of shares to GIC, Morgan Stanley, Quantum

Anant Raj Industries Ltd has announced that an Extra-Ordinary General Meeting (EGM) of the members of the Company will be held on May 22, 2007, to offer and issue for cash on a preferential basis upto 55,60,222 Equity Shares on such terms as may be deemed appropriate by the Board at the rate of not less than Rs 1,229.51/- per equity share aggregating upto Rs 683,63,48,551/- to the following persons / entitles belonging to the non-promoter category viz.,

Names of the Proposed Allottees:

1. Government of Singapore Investment Corporation Pte Ltd. (GIC) and / or its group / associate entities, including subsidiaries thereof - 35,14,322 No of shares & Rs 432,08,94,042 (Aggregate Consideration)

2. Morgan Stanley Dean Witter Mauritius Company Ltd and / or its group / associate entities, including subsidiaries thereof - 13,65,900 No of shares & Rs 167,93,87,709 (Aggregate Consideration)

3. Quantum (M) Ltd and / or its group / associate entities, including subsidiaries thereof - 6,80,000 No of Shares & Rs 83,60,66,800 (Aggregate Consideration).

Source : Equity Bulls

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