XL Telecom & Energy, a telecom products manufacturer, said it raised Rs230m (US$5m) by issuing about 23 million cumulative redeemable preference shares of Rs10 (US$0.22) each to banks.
Also in the Mumbai Stock Exchange announcement, the company’s board…
XL Telecom & Energy, a telecom products manufacturer, said it raised Rs230m (US$5m) by issuing about 23 million cumulative redeemable preference shares of Rs10 (US$0.22) each to banks.
Also in the Mumbai Stock Exchange announcement, the company’s board of directors said it allotted 1,865,156 equity shares of Rs10 each at a rate of Rs150 (US$3) per share to Goldman Sachs Investments (Mauritius) on conversion of 7.50 million foreign currency convertible bonds.
Goldman Sachs now owns about 8.238% of the company, XL told TelecomFinance in an email.
