Aditya Birla Nuvo Ltd has informed that the Board of Directors of the Company at its meeting held on January 09, 2008, inter alia, has decided the following:
1. Issue 2,05,00,000 Warrants of face value of Rs 10/- to promoter / promoter group on preferential allotment basis, entitling the holder of warrant to apply for and obtain allotment of one Equity Share against each Warrant for an aggregate amount of Rs 4200 Crores (approx.) in accordance with the provisions of Section 81 (1A) and all other applicable provisions of the Companies Act, 1956 and pursuant to the provisions of Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines 2000 (SEBI (DIP) Guidelines).
2. Convene an Extra Ordinary General Meeting for the approval of the aforesaid Preferential Issue / allotment on February 06, 2008.
1. Issue 2,05,00,000 Warrants of face value of Rs 10/- to promoter / promoter group on preferential allotment basis, entitling the holder of warrant to apply for and obtain allotment of one Equity Share against each Warrant for an aggregate amount of Rs 4200 Crores (approx.) in accordance with the provisions of Section 81 (1A) and all other applicable provisions of the Companies Act, 1956 and pursuant to the provisions of Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines 2000 (SEBI (DIP) Guidelines).
2. Convene an Extra Ordinary General Meeting for the approval of the aforesaid Preferential Issue / allotment on February 06, 2008.
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