Monday, November 29, 1999

Resurgere Mines to raise Rs 250 cr via GDR issue

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Mumbai, June 16 (PTI) Iron ore manufacturer Resurgere Mines & Minerals India today said it will raise Rs 250 crore from a share sale in international markets. The company''s board of directors has approved launching global depository receipts (GDR) for an amount of Rs 250 crore, Resurgere Mines & Minerals India said in a filing to the Bombay Stock Exchange. The minimum GDR issue price has been fixed at Rs 75 per share, the filing added. **** GSS America to raise over Rs 44 cr via share sale * IT solutions company GSS America Infotech today said it will raise Rs 44.24 crore through private placement of shares with qualified institutional buyers. The qualified institutional placement issue committee of the company has decided to allot 14 lakh equity shares at a premium of Rs 316.06 per equity share, GSS America Infotech said in a filing to the BSE. .

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