Thursday, July 28, 2011

CIFL oversubscribed slightly

Central Investments and Finance Limited’s (CIFL) in a filing to the stock exchange said that it had received 5250 applications via cheques and bank drafts for a consideration of Rs.376.33 million, and received 5 bank guarantees for a consideration of Rs.50.5 million out of a total of Rs.426.83 million.

CIFL was planning to raise Rs. 400 million by issuing 40 million ordinary voting shares at an issue price of Rs.10 per share.

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