Rights Issue of the Company

摘要

During the year, the Company came out with a Rights Issue of 408,723,061 shares of face value of Rs 10.00, each with a premium of Re 1.00, which were offered in the ratio of 83 shares for every 40 shares held, aggregating tornRs 449.59 crore. The Issue, which opened on 31 March 2009 and closed on 22 April 2009, was oversubscribed 1.15 times. The allotment of shares and sending out of refund orders were completed by 5 May 2009. The final call is being made shortly, in which the balance Rs 77 crore would be received by the Company.