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In Re: Shri Vinay Rai vs Unknown on 31 March, 2004

premium of Rs.30/- each. The issue was undersubscribed and devolved on the underwriters. Underwriters therefore subscribed for 3,64,600 shares and the balance ... stated that the fact that the Public Issue by ITIL on 14.1.1993 devolved on the underwriters does not mean that he took the devolved portion
Securities Appellate Tribunal Cites 8 - Cited by 0 - Full Document
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