Moneycontrol.com >> Messageboard >> Stocks >> Wockhardt >> Wockhardt preferencial issue

ar_akm

Platinum Member

159 Followers

Whether preferncial issue is meant for retail investor also and what rate?

9.22 AM Nov 19th 2009 | Track

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ar_akm

Platinum Member

159 Followers

Whether preferncial issue is meant for retail investor also and what rate?

9.22 AM Nov 19th 2009

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dk_bbs

Platinum Member

49 Followers

Retail investors r not to be preffered by anyone. Thanks

12.24 PM Nov 19th 2009

LEO THE LION

Platinum Member

36 Followers

really yar.....:-)
so funny to hear.........!

4.16 PM Nov 19th 2009

LEO THE LION

Platinum Member

36 Followers

there will not be option for retail.........

4.17 PM Nov 19th 2009

LEO THE LION

Platinum Member

36 Followers

sure this will reduce debt equity ratio substantially.........

4.26 PM Nov 19th 2009

ar_akm

Platinum Member

159 Followers

Thanks for both messages. But to whom these preferencial issue will be distributed. Please update if you have information in this regard?

4.35 PM Nov 19th 2009

LEO THE LION

Platinum Member

36 Followers

if you are able to offer huge cash like in crores to them,then you can participate......
always it will be for institutions...

4.55 PM Nov 19th 2009

ar_akm

Platinum Member

159 Followers

Hi LEO THE LION, You mean QIP allotment. If yes then at what price being offered?

5.07 PM Nov 19th 2009

LEO THE LION

Platinum Member

36 Followers

this is a difficult question........!
has to offer at 250 atleast.......!
you know wock`s situation.

5.10 PM Nov 19th 2009

ar_akm

Platinum Member

159 Followers

Thanks for reply. Actually previously It has seen QIP rate effects the market rate as seen many scripts.

6.00 PM Nov 19th 2009

dk_bbs

Platinum Member

49 Followers

That is the hard fact of life, may sound funny again! Thanks

7.59 PM Nov 19th 2009

LEO THE LION

Platinum Member

36 Followers

sorry for the wrong gidance..!
For your kind information it is not the equity share which will issued on prefference basis.........

these are prefferential shares of rs 5 each. 150 crs * 5 = 800 crs

the debt /equity will be reduced as these are not considered as debt and at the same time there will not be any impact on EPS (like dilution) right now.

9.14 PM Nov 19th 2009