Friday, September 24, 2010

XL Telecom Equity Expansion- Part 1

XL Telecom & Energy on Friday said it has allotted over 18 lakh shares to Goldman Sachs Investments (Mauritius) I on the conversion of bonds.

The company has issued 18,65,156 equity shares at Rs 150 per share, aggregating to Rs 27.97 crore to Goldman Sachs Investments (Mauritius) I, XL Telecom said in a filing to the Bombay Stock Exchange.

Besides, the company has also raised Rs 23.06 crore by issuing 2.30 crore cumulative redeemable preference shares of Rs 10 each to banks. – PTI


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