Easun Reyrolle allots GDRs

Easun Reyrolle Ltd has announced that the Directors of the Company on January 03, 2008 allotted 937,500 Global Depository Receipts (GDRs) aggregating to US$ 7,500,000 (United States Dollar Seven Million and five hundred thousand only) to international investors. This offer and allotment of GDRs of US $ 7.50 Million at the rate of US $8 per GDR (Rs 315.60) has been made in exercise of Green-Shoe option pursuant to offer document dated December 05, 2007 issued by issued by the Company.

The above GDRs are being listed on Singapore Stock Exchange.

Source : Equity Bulls

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