Tata Chemicals finishes purchase of share in EPM mining ventures

Tata Chemicals Ltd has notified Bombay Stock Exchange that the Firm’s totally possessed subsidiary Gusiute Holdings (UK) Ltd (GHL) has finished the previously published stock purchase of 4,378,000 General Stocks at purchase cost of C$2.00 each stock pursuant to a Stock Purchase Contract dated 23 August, 2011 with founding shareholders of EPM.

GHL also finished the formerly released purchase of single unit (the “Unit”) of EPM at a purchase value of C$16,000,000 (the “Subscription”) pursuant to a subscription contract dated 23 August, 2011 with EPM (the “Subscription_Agreement”). The Unit contains 8,000,000 General Stocks and 8,000,000 general stock purchase warrants. Every Warrant entitles the owner to sign up for 1 General Stock at a cost of C$2.00 each stock until 02 September, 2012.

Upon finishing of the above transactions, and presuming exercise by GHL of all of the Warrants, there will be 121,225,889 General Stocks outstanding of which GHL will possess or control (directly or via its totally-owned subsidiary, Valley Holdings Inc.) 37,055,612 General Stocks, representing 30.6per cent of the outstanding General Stocks of EPM.

Be Sociable, Share!
Tags: , , ,

Stock Market Basics For Beginners

SEBI’s Role in an IPO Issue

SEBI’s Role in an IPO Issue Any firm doing a public issue or a listed firm building a rights issue of value of greater than Rs 50 lakh is needed to ...…

Active Stock

Active Stock Share in which there are actually regular and day-to-day dealings, as distinguished from partly effective stocks in which dealings (buy-sell) aren't so frequent. Most 'shares or ...…

Delisting of securities

Delisting of securities The word 'Delisting of securities' indicates permanent elimination of securities of a listed firm from a stock exchange. As a result of delisting, the securitie's ...…

Common shares

Common shares Common shares are standard shares with no particular restrictions or rights and have the potential to provide the highest financial gain, but ordinary shares (common ...…

Why Do Companies Split Their Stock? Stock Split Good?

Why Do Companies Split Their Stock? Stock Split Good? [ad name="468x15- 5 link"] A company splits their stock because administration has a theoretical ideal price range for the firm’s stock. If the market price of ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics