Dwarikesh raises US $12 mn through GDRs Offer

Dwarikesh Sugar Industries Ltd has informed BSE that the Company has successfully raised US$ 12 million through the issue of 3,000,000 Global Depository Receipts (GDRs). The GDRs will be listed on the Luxembourg Stock Exchange. Each GDR was priced at US$ 4 per GDR and represents one underlying equity share in the Company.

RP&C international Inc. and RP&C International Ltd acted as Lead Managers on this transaction. Enam Financial Consultants Pvt Ltd acted as Special Advisors to the Issue and Rajani Associates as Indian Legal Advisors to the Issue.