Country Club India Ltd has informed that the Board of Directors of the Company at its meeting held on January 09, 2008, has approved the following:
1. Raising of Capital upto USD 86.90 Million through the issue of Global Depository Receipts.
2. Allotted 22157065, number of Global Depository Receipts representing 1 (One) Equity Share for 5 (Five) GDRs which is equal to 4431413 number of Underlying Equity Shares of Rs l0/- each.
3. Consequently the Board has authorized Mr. Y. Rajeev Reddy, Chairman & Managing Director, Y. Slddharth Reddy, Vice-Chairman, Joint Managing Director & CEO, Mr. D Krishna Kumar Raju, Vice-Chairman & Executive, Director, Ms. Manjula Reddy, Director and Mr. B. Rajakrishna Rao of the Company are authorized to do all such acts, deeds, matters and things as they may at their discretion deem necessary or desirable for such purpose, including without limitation, filing a Registration Statement and other documents with the respective regulatory authorities, listing the securities on overseas Stock Exchanges such as Luxembourg Stock Exchange and / or NASDAQ and / or New York Stock Exchange and / or any other overseas stock exchanges and executing all such arrangements / agreements(s) with any Lead Manager(s), Depositories, Custodians and all such agents as may be involved or concerned in such offering of Securities and to remunerate all such agents including by way of payment of commission, brokerage, fees expenses incurred in relation to the Issue of securities and other expenses.
1. Raising of Capital upto USD 86.90 Million through the issue of Global Depository Receipts.
2. Allotted 22157065, number of Global Depository Receipts representing 1 (One) Equity Share for 5 (Five) GDRs which is equal to 4431413 number of Underlying Equity Shares of Rs l0/- each.
3. Consequently the Board has authorized Mr. Y. Rajeev Reddy, Chairman & Managing Director, Y. Slddharth Reddy, Vice-Chairman, Joint Managing Director & CEO, Mr. D Krishna Kumar Raju, Vice-Chairman & Executive, Director, Ms. Manjula Reddy, Director and Mr. B. Rajakrishna Rao of the Company are authorized to do all such acts, deeds, matters and things as they may at their discretion deem necessary or desirable for such purpose, including without limitation, filing a Registration Statement and other documents with the respective regulatory authorities, listing the securities on overseas Stock Exchanges such as Luxembourg Stock Exchange and / or NASDAQ and / or New York Stock Exchange and / or any other overseas stock exchanges and executing all such arrangements / agreements(s) with any Lead Manager(s), Depositories, Custodians and all such agents as may be involved or concerned in such offering of Securities and to remunerate all such agents including by way of payment of commission, brokerage, fees expenses incurred in relation to the Issue of securities and other expenses.
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