Zylog Systems Ltd has informed BSE that the GDR Committee of the Company in their meeting held on April 25, 2013, has decided and approved the following:
1. Closure of GDR issue for USD 20 mns on April 25, 2013.
2. Allotted 7,250,000 Global Depositary Shares ('GDS') (representing 21,750,000 fully paid up equity shares of Rs. 5 each/-) a price of US$2.76 per GDS in aggregate amounting to US$20 million. Each GDS represents 3 fully paid up underlying equity shares of face value of Rs. 5 each. The Shares have been issued at a price of Rs. 50.33 including Rs. 5 towards equity capital and Rs. 45.33 as share premium.
3. The GDSs are proposed to be listed on Luxembourg Exchange.
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