Tata Chemicals finishes acquiring share in EPM mining ventures

Tata Chemicals Ltd has informed Bombay Stock Exchange which the Firm’s totally owned subsidiary GHL has concluded the earlier released stock buying 4,378,000 Common Shares at buying cost of C$2.00 each stock pursuant to a Share_Purchase_Agreement dated 23 August, 2011 with beginning shareholders of EPM.

GHL also finished the earlier released buying 1 unit (the “Unit”) of EPM at a buying cost of C$16,000,000 (the “Subscription”) pursuant to a membership contract dated 23 August, 2011 with EPM (the “Subscription Agreement”). The Unit contains 8,000,000 Common Shares and 8,000,000 common share buying warrants. Every Warrant allows the holder to sign up for a single Common Share at a cost of C$2.00 each stock until 02 Sep, 2012.

Upon finishing of the above transactions, and presuming exercise by GHL_of all of the Warrants, there will be 121,225,889 Common Shares exceptional of which GHL_will own or control (directly or via its totally-owned subsidiary, Valley Holdings Inc.) 37,055,612 Common Shares, representing 30.6percent of the exceptional Common Shares of EPM.

Be Sociable, Share!
Tags:

Stock Market Basics For Beginners

Average

Average A share market average is known as a mathematical method of reporting the composite difference in prices of the shares that the average includes. Each and ...…

Initial Public Offer

Initial Public Offer Initial Public Offer. The initial sale of share by a firm for the public. The commonest reason for a firm to start an IPO is ...…

What Is Bear Market?

What Is Bear Market? [ad name="468x15- 5 link"] A bear market is happens when a major index encounters a drop of 20% or higher from the most recent high point. ...…

Dematerialization Definition

Dematerialization Definition Dematerialization (Meaning) is the procedure through which physical certificates of the trader are usually transformed into an equal quantity of securities in electronic form as ...…

Public Provident Fund

Public Provident Fund Public Provident Fund: long-term savings device which has a maturity period of 15 yrs and interest payable at 8 percent per year compounded yearly. A ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics