Webel Sl Energy Systems to raise funds

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JET AIRWAYS RAISES FUEL SURCHARGE BY RS.200 ON SECTORS MORE THAN 1000 KM
JET AIRWAYS RAISES FUEL SURCHARGE BY RS.200 ON SECTORS MORE THAN 1000 KM
DOW JONES UP 0.17%, NASDAQ UP 0.34%, S&P 500 UP 0.25%
E&Y ADVISORS FOR THE SUNIL HITECH BUY: NW
INDIABULLS OPEN OFFER LIKELY TO SUNIL HITECH SHAREHOLDERS: NW
IN TALKS TO BUY CONTROLLING STAKE IN SUNIL HITECH: NW
BHARTI HAS NOT SCALED DOWN ITS RETAIL PLANS
HOPES INDIA 3G AUCTION HAPPENS EARLY
WORRIED ABOUT DELAY IN AUCTION OF 3G SPECTRUM
AIM TO HAVE 2 LARGE MILLS WITH 100 MT CAPACITY; TO CLOSE SMALLER ONES
10 LARGEST STEEL MILLS TO ACCOUNT FOR 75% OF STEEL OUTPUT
TO MERGE STEEL MAKERS TO CREATE RIVALS FOR ARCELORMITTAL
INDIA VICTIM OF TERRORISM FROM ACROSS BORDERS FOR THE LAST 25 YEARS
EDUCATION, HEALTH CARE SECTOR NEED MORE REFORMS
FDI INFLOWS OVER $120 BN SINCE 2001-02
GROWTH ESTIMATED AT 6.5% THIS FISCAL, TO WIND DOWN FISCAL STIMULUS NEXT YR
INDIA'S ECONOMY NOW MORE OPEN TO TRADE AND INVESTMENT
ECONOMY TO GROW ESTIMATED 6.5% THIS FISCAL
INDIA TO WIND DOWN FISCAL STIMULUS NEXT YEAR
TO LAUNCH A 3 SCREEN MULTIPLEX IN KANPUR
OCT STEEL SALES UP 38% AT 4.62 LAKH TONNES VS 3.35 LAKH TONNES (YOY)
OCTOBER CRUDE STEEL PRODUCTION UP 22% AT 599,000 TONS (YOY)
OCTOBER SAW THE BEST EVER PRODUCTION IN MOST UNITS
SMS BOS < space > stock query at 56388
COPPER DOWN TO $6490/TON ON WEAK DEMAND AND US UNEMPLOYMENT DATA
CRUDE FALLS 2.6% TO $77.43 BBL
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Updated: 02/07/2009 | 12:00 AM IST

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Webel-Sl Energy Systems to raise funds

Capital Market

Thursday, July 02, 2009 (New Delhi)

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The members of Webel-Sl Energy Systems hace accorded the board to create, offer, issue, and allot equity shares for an amount up to Rs 600 millions to qualified institutional buyers.

The members have accorded the board to issue, offer and allot 20,00,000 warrants or any other securities or financial instrument convertible into equity shares of the company to Tysom Agencies ( 10,00,000 warrants), a promoter group company, and to Khushaal Investments Advisory (10,00,000 warrants), strategic investors.

This was accorded at extraordinary general meeting held on 29 June 2009.