*MUMBAI : *India based iron ore miner, Resurgere Mines & Minerals (BOM:533017) has acomplished the task of raising $53.75 million from Global Depository Receipts (GDR) issue, which was priced at $10.32 each.
In an announcement filed with the Bombay Stock Exchange (BSE) today, the company stated that the GDRs will be listed on the Luxembourg Stock Exchange. Post allotment of underlying equity shares, the paid up equity capital of the company has increased to Rs. 59.79 crore from Rs 28.54 crore. The company stocks zoomed up by over 8% on BSE during Friday trading, meanwhile the BSE Sensex was down 86.70 points, or 0.49%, to 17,643.54. Resurgere Mines & Minerals reported a net profit of Rs 9.88 crore in Q4 March 2010 compared with a net loss of Rs 25.38 crore in Q4 March 2009. Net sales rose 22.20% to Rs 195.83 crore in Q4 March 2010 over Q4 March 2009. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
