Everest Kanto - Outcme of Board Meeting | 19/05/10 17:17 Everest Kanto Cylinder Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 19, 2010, inter alia, has approved the following:
1. Preferential issue of 40,00,000 Equity Shares to Reliance Capital Asset Management Ltd A/c Reliance Growth Fund and 20,00,000 Equity Shares to Reliance Capital Asset Management Ltd A/c Reliance Regular Savings Fund - Equity Option at a price of Rs. 135/- per share aggregating to a total investment value of Rs. 81 crores which would be subject to a lock - in of 1 year in accordance with SEBI Guidelines for Preferential Allotment and subject to the fulfillment of such terms and conditions as maybe mutually agreed. 2. Preferential issue of equity shares aggregating to not more than 5,12,281 equity shares at a price of Rs. 135 per share to the! existing private equity investors of the Company if they choose to exercise their anti dilution rights. 3. Convening Extraordinary General Meeting of the members of the Company to approve the preferential issue of equity shares -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
