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Non-Tech : ICICI Ltd - (Nyse: IC)

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To: Mohan Marette who wrote (369)3/13/2000 3:38:00 PM
From: Mohan Marette  Read Replies (1) of 494
 
Champagne Indage places shares with MFs, others (Pru-ICICI among the lot)

indagegroup.com
indagegroup.com

Rajesh Chandramouli

CHENNAI, March 13

CHAMPAGNE Indage Ltd has placed 15 lakh equity shares of Rs. 10 each at a premium of Rs. 60 to mutual funds and others. Birla Mutual Fund, Prudential ICICI and GIC Mutual Fund are among the funds which have picked up stake.

According to reliable sources, the promoters and their associates have picked up 12 lakh equity shares at a premium of Rs. 70 per share. The total placement was for 17 lakh shares which raised Rs. 20 crores. Prime Securities Ltd was mandated for the issue.

hindubusinessline.com
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