Deccan Cem promoters line up preferential offer

 The company proposes to issue 6.72 lakh equity shares of Rs 10 each at a premium of Rs 34.50 to four entities related to the promoters.

 The issue price has been worked out as per the Securities and Exchange Board of India guidelines for substantial acquisition of shares and takeovers.

 The company will seek shareholders nod for at the annual general meeting (AGM) on September 5. Post allotment, the promoters