India Cement issues GDR

Offering promoted as turnaround play after company moves back into the black.

Jackie Horne

October 14, 2005

Southern India's largest cement company, India Cement, raised $100 million after London's close on Thursday (October 13) from a 26.6 million unit offering. Under the lead of ABN AMRO Rothschild and Deutsche Bank, the group priced the deal at $4.3226 per unit.

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