Bilt GDS Issue Oversubscribed
Shares priced at a 2.1% discount
Ballarpur Industries`s global depository shares (GDSs) issue priced at $8.27 aggregating to $35mn has been over subscribed.
Shares were priced at a discount of 2.1% to the closing price of Rs 76.65 per share. Bilt has also successfully placed foreign currency convertible bonds for and aggregate principal amount of $45mn at a conversion price of 115% of the GDS issue price.
