Aurobindo pref: Small pie for Reddy; Merlion accommodated

 This was following the decision of the board of directors of the company, held yesterday, that the near-term fund requirements of the company could be met with a total capital dilution of 84 lakh equity shares of Rs 5 each, fetching an amount of 253.68 crore.

 While the company had earlier decided to issue 76 lakh equity shares/warrants of Rs 5 each, which includes 33 lakh equity shares to Citicorp Banking Corporation, 18 lakh equity shares to ChrysCapital II and 25 lakh equity shares/warrants to Ramprasad Reddy, the latest board