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BUSINESS LINE: India: Hind Lever Chem raises Rs 102 cr via pvt placement .
Our Bureau
MUMBAI, March 19
HIND Lever Chemicals Ltd, a group company of HLL, has said that it raised Rs. 102.38 crores through private placement of 22,25,600 equity shares at Rs. 460 per share.
The shares were placed at a premium of 24 per cent to the price of Rs. 371 per share, calculated as per the private placement formula prescribed by SEBI, the company said in a press release.
The company's EGM had authorised the board to place shares at a premium of Rs. 375 per share.
The private placement was managed solely by ICICI Securities and Finance Company Ltd. The fund will be utilised for the expansion plans at Haldia, …
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