Apollo Hospitals seeks EGM approval for issue of warrants

Apollo Hospitals Enterprise Ltd has announced that an Extra-Ordinary General Meeting (EGM) of the members of the Company will be held on February 09, 2007, to create, offer, issue and allot up to 1,550,000 Equity warrants (Warrants) on a preferential basis to Ms Sangita Reddy, one of the promoters of the company, with each warrant convertible into one equity share of the company of nominal value of Rs 10/- each at a price of Rs 442.55 which includes a premium of Rs 432.55 per share not less than the price calculated in accordance with Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 (SEBI (DIP) Guidelines) for preferential allotment of equity shares / warrants and on such terms and conditions as may be decided and deemed appropriate by the Board of Directors of the Company, ("Board" which shall be deemed to include any duly authorised committee thereof) at the time of issue or allotment, subject to necessary provisions and approvals.

Source : Equity Bulls

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