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Stake Sale
Kalindee Rail EGM approves issue of shares
Posted On : 2007-01-13 12:29:11( TIMEZONE : IST )
Kalindee Rail Nirman Engineers Ltd has announced that the members at the Extraordinary General Meeting (EGM) of the Company held on January 13, 2007 have passed the following resolutions:
1. Issue and allot upto 15,70,829 equity shares of Rs 10/- each, fully paid up at a premium of Rs 146.50 per equity Share aggregating to Rs 2458.35 Lacs to AMIF I Ltd (Investor) on preferential allotment basis, subject to necessary provisions & approvals.
2. To raise an additional funds upto an amount of USD 7,000,000 either directly or through Global Depository Receipts, American Depository Receipts or Foreign Currency Convertible Bonds or otherwise together with any green shoe option to Foreign and / or Indian Institutional investor, Companies, individuals or any other persons, subject to necessary provisions & approvals.
3. Issue and allot upto 1,55,000 equity shares and 2,30,000 equity warrants to the promoters group at price of Rs 156.50 per share inclusive of a premium of Rs 146.50 per share on preferential allotment basis, aggregating to Rs 602.53 Lacs, instead of 2,00,000 Equity Shares and 3,00,000 Equity Warrants as proposed, subject to necessary provisions & approvals.Kalindee Rail Nirman Engineers Ltd has announced that the members at the Extraordinary General Meeting (EGM) of the Company held on January 13, 2007 have passed the following resolutions:
1. Issue and allot upto 15,70,829 equity shares of Rs 10/- each, fully paid up at a premium of Rs 146.50 per equity Share aggregating to Rs 2458.35 Lacs to AMIF I Ltd (Investor) on preferential allotment basis, subject to necessary provisions & approvals.
2. To raise an additional funds upto an amount of USD 7,000,000 either directly or through Global Depository Receipts, American Depository Receipts or Foreign Currency Convertible Bonds or otherwise together with any green shoe option to Foreign and / or Indian Institutional investor, Companies, individuals or any other persons, subject to necessary provisions & approvals.
3. Issue and allot upto 1,55,000 equity shares and 2,30,000 equity warrants to the promoters group at price of Rs 156.50 per share inclusive of a premium of Rs 146.50 per share on preferential allotment basis, aggregating to Rs 602.53 Lacs, instead of 2,00,000 Equity Shares and 3,00,000 Equity Warrants as proposed, subject to necessary provisions & approvals.
