PRESS RELEASES
|
Board
of Directors of Peninsula Land Limited pass a resolution approving issue of fresh
capital by way of Equity Offering
|
Mumbai, June 9, 2006: The Board of Directors of Peninsula Land Limited
(PLL), the flagship company of The Ashok Piramal Group and a prominent real estate
developer today approved raising of capital by way of issuance of upto 60 lacs
fresh equity shares.
Raising of additional funds could be achieved through
a Qualified Institutional Placement (QIP) OR follow-on public issue OR Private
Placement OR a combination thereof.
Commenting on this strategic move,
Mrs. Urvi Piramal, Chairperson, Peninsula Land Limited said that, "Peninsula Land
Limited is committed towards creating a strong land bank. As a move in this direction,
in the past couple of months we have added approx. 10 million sq.ft of land bank.
By way of this issuance we will strengthen ourselves further in adding and creating
a stronger and bank for the future"
|
| Previous I Next |
| |
| Back to Archives |
Back to Top |
|
|
 |
View
our collection of our news articles and company events.
|
| Our archive provides you with information on all our company news, press releases and events. |
|
|
