ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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PBM Polytex

 PBM Polytex PBM POLYTEX, a company existing since1919 and under the management of the house of Patodias since 1978, is entering the capital market with an issue of 7 lakh equity shares of Rs 10 each at a premium of Rs 8 per share for an amount of Rs 126 lakh. Out of this, 35,000 shares are reserved for preferential allotment to the employees including Indian working directors and workers of the company. The balance 6.65 lakh shares are offered to the public. The issue will open on March 6 and will close on or before March 16 but not earlier than March 8. The object of the issue is to comply with the statutory requirement to bring the equity shareholding of the general public to 40 per cent of the total share capital by way of public offer. The funds will be used for long-term working capital needs as well as to meet the normal capital expenditures.

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