Toys and gift articles maker Hanung Toys & Textiles Ltd today said it has extended the closing date of its $32 million (over Rs 140 crore) Global Depositary Receipts (GDR) issue till May 6, 2011.
"Board of Directors of the company at its meeting held on April 27, 2011 has decided that its GDR issue would now be closed for subscription on or before May 06, 2011," the company said in a filing to the Bombay Stock Exchange.
The company had opened the issue for subscription on April 18, 2011 with April 27, 2011, or earlier as closing date depending on subscription.
The firm had decided to issue 64 lakh GDRs at an issue price of $5 per receipt representing 64 equity shares with par value of Rs 10 each. It had kept an option to allot an additional 9.6 lakh GDRs represented by equivalent number of equity shares depending on the response to the issue.
The company's scrips closed at Rs 223.30 per share, down 1.02% from the previous close on the Bombay Stock Exchange.