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Sujana Tower raises $30 mn via GDR issue

Sujana Tower raises $30 mn via GDR issue
PTI
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First Published: Thu, Dec 24 2009. 03 54 PM IST
Updated: Thu, Dec 24 2009. 03 54 PM IST
Mumbai: Telecom infrastructure firm Sujana Towers on Thursday said that it has raised $30 million by issuing shares.
The board of directors of the company at their meeting held on 23 December has opened $30 million global depository receipts (GDRs) issue and closed on the same date, Sujana Towers said in a filing to the Bombay Stock Exchange (BSE).
The board has alloted 53,57,140 GDRs at $5.60 per receipts, aggregating to $30 million.
Shares of Sujana Tower were trading at Rs53.20 on the BSE, up 5.24% per cent from its previous close.
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First Published: Thu, Dec 24 2009. 03 54 PM IST