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May 16, 2008
Shriram City raises Rs.400 Cr thru Preferential Issue << Back
Four Private Equity Investors picked up stake in Shriram City Union Finance Limited, raising the total holdings of the PE investors in the firm to 36%. The Investors were issued 32.5 Lac equity shares of Rs.10/- each at a premium of Rs. 390/- per share.Also the investors subscribed for 32.5 Lac warrants. The promoters also subscribed for 35 lac warrants.
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