The offer will constitute 38% of the 100% diluted post offer paid-up equity share capital
of the company.
The agency said that all investors jointly should not hold more than 25 percent of the paid-up equity share capital
of the insurance company.
2m) and provided stock that represents 30% of its own equity share capital
Finance House's board of directors has approved the opening up of its shareholding to foreign ownership, to the extent of 20 per cent of the company's paid up equity share capital
," the company said in a statement.
The restrictions were removed as government approved increasing foreign investment in Federal Bank from 49 percent to 74 percent for its paid up equity share capital
, The Economic Times said in its report.
The size of the sponsored ADR offering would be up to a maximum of 6% of the Bank's paid-up equity share capital
, subject to compliance with applicable regulations governing sponsored ADR issuances by Indian companies and foreign ownership in Indian private sector banks.
The acquisition has been accomplished with the purchase of 100% outstanding equity share capital
of Wescon Controls from Shell Topco, which is under the management of the UK-based private equity Fund Nova Capital.
The bank said, 'We would like to clarify that we have not sought any change in the already existing limit of foreign investment (or even in the existing sub-limits for FIIs up to 49 percent and NRI holding up to 24 percent) in the equity share capital
of the bank.
The Board has recommended a dividend on equity share capital
of 75% for FY2004.
Infosys' 70% ownership in this JV is at a cash investment of $312,671 (SAR 1,172,501) by the company in the equity share capital
of the proposed JV company.
Troubled Irish banking group Allied Irish Banks Plc (AIB) (NYSE: AIB) (ISE: ALBK) (LSE: ALBK) has said that it has reached an agreement on the final terms of its capital raising plans with the government, to raise EUR5bn of equity share capital
from the National Pensions Reserve Fund Commission and up to EUR1.
32 per cent of the total paid up equity share capital
, at Rs 330 per equity shares," the Bengaluru-based developer said in a regulatory filing.