Asian Hotels - Outcome Of CoD Meeting

Asian Hotels Ltd has informed that the Committee of Directors (CoD) of the Company at its meeting held on June 30, 2007 has made an allotment of 1,00,00,000 1% Cumulative Redeemable Non-convertible Preference Shares of Rs 10/- each at a premium of Rs 80/- per preference share aggregating to Rs 90,00,00,000/- to infrastructure Development Finance Company Ltd on a preferential allotment basis, in furtherance of the resolution approved by the shareholders in the Extra-ordinary General Meeting held on June 25, 2007.