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Saturday, August 04, 2007

Puravankara reprices issue to Rs 400-450, closes on Aug 8

Weak market situation has forced Puravankara Projects to reprice their issue to Rs 400-450 from earlier price band of Rs 500-525 per share. The issue was supposed to close today, August 3, 2007 but now it will close on August 8.

The issue is open for subscription with a public issue of 21,467,610 equity shares of Rs 5 each through a 100 per cent book building process. The issue will constitute 10.05 per cent of the fully diluted post-issue paid-up capital of the company.

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