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BK Birla Group plans stake hike in Century Enka
07 Nov '09
1 min read
The BK Birla Group plans to increase its stake in Century Enka Ltd from 25.23 percent to 31.39 percent through a preferential allotment of warrants.
Warrants totaling to 1.8 million will be issued by Century Enka to its promoter companies which includes Century Textiles and Industries Ltd, through a preferential allotment.
Century Enka will seek shareholder approval for the allotment of warrants which will have an option to be converted in to one share in 18 months.
Warrants totaling to 1.8 million will be issued by Century Enka to its promoter companies which includes Century Textiles and Industries Ltd, through a preferential allotment.
Century Enka will seek shareholder approval for the allotment of warrants which will have an option to be converted in to one share in 18 months.
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