Progruss Investments to Buy 15% Stake in Shree Ganesh
Jul 2, 2013 4:01 PM
By Ricci Dipshan
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RAPAPORT... Progruss Investments will invest $25.2 million (INR 1.5 billion) in Shree Ganesh Jewellery House, according to a BSE filing. Shree Ganesh Jewellery House proposed offering 12 million shares on a preferential basis to Progruss Investments for the placement, which would see Progruss holding a 14.52 percent stake in the company. The deal is expected to be completed by mid-July.
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Tags:
Ricci Dipshan, Shree Ganesh
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