Sunday, June 17, 2007

Bharat Earth Movers Limited FPO Opening June 27

Hi Friends,

Bharat Earth Movers Limited (BEML) is a leading manufacturer of mining and construction equipments in India. BEML was incorporated in 1964 as a Public Sector Undertaking (PSU) under the administrative control of Department of Defense Production and Supplies, Ministry of Defense, with headquarters at Bangalore.

Bharat Earth Movers Limited is BSE / NSE listed company and coming up with a follow up public issue FPO of 1,19,00,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.

The price band for the issue has been fixed at Rs 1020/- at lower level and Rs 1090/- at upper level for equity share of Rs 10. The issue opens on June 27, 2007, and closes for subscription on July 03, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Click here for more information about Bharat Earth Movers Limited FPO.