Bihar Tubes opens GDR of USD 1 cr

Mumbai, Jun 18 (UNI) Bihar Tubes Ltd has successfully completed the offering of Global Depository Receipts (GDRs), aggregating USD 10,000,080 at the rate of USD 6.80 per Global Depository Receipt, to International Investors.

The Closing date for the issue is June 18. Consequently, the Company has allotted 1,470,600 Global Depositary Receipts representing 2,941,200 Equity Shares, at a value of Rs 10 each, in favour of the subscribers, the Company informed BSE.

These GDRs shall be admitted to listing on the Official List of the Luxembourg Stock Exchange (LuxSE) and to trading on the Euro MTF Market (Euro MTF).

Elara Capital PLC, London has been the sole Lead Manager, Global Coordinator and Book Runner to the GDR Issue of the Company.

UNI AR SR SKB1928