Asahi Infrastructure & Projects Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 28, 2008, inter alia, have accorded the following:
1. Authority to the Board to create, offer, issue and allot Equity Shares / Warrants and or any instrument convertible into Equity shares whether optional or otherwise / Global Depository Receipts (GDRs) / American Depository Receipts (ADRs) / Foreign Currency Convertible Bonds (FCCBs) (Securities) through prospectus and / or offer letter or circular and / or on private preferential from time to time as may be deemed by the Board for an aggregate amount not exceeding USD 15 million or equivalent Indian and / or other currency(ies) to any person or persons, whether or not shareholder of the Company, including but not limiting to one or more of the members, promoters, employees, individuals, firms, companies, bodies corporate, foreign or Indian financial institutions, banks, foreign institutional investors, non resident Indians, strategic investors, and other entities whether through public issue, rights issue, private placement, offer letter or otherwise, in one or more modes or combination thereof at such time in one or more tranches and at such price or in such manner and on such terms and conditions as the Board may in its absolute discretion hereinafter decide, in consultation with the lead managers, underwriters, advisors and such other persons in any market as may be deemed fit, subject to necessary provisions & approvals.
1. Authority to the Board to create, offer, issue and allot Equity Shares / Warrants and or any instrument convertible into Equity shares whether optional or otherwise / Global Depository Receipts (GDRs) / American Depository Receipts (ADRs) / Foreign Currency Convertible Bonds (FCCBs) (Securities) through prospectus and / or offer letter or circular and / or on private preferential from time to time as may be deemed by the Board for an aggregate amount not exceeding USD 15 million or equivalent Indian and / or other currency(ies) to any person or persons, whether or not shareholder of the Company, including but not limiting to one or more of the members, promoters, employees, individuals, firms, companies, bodies corporate, foreign or Indian financial institutions, banks, foreign institutional investors, non resident Indians, strategic investors, and other entities whether through public issue, rights issue, private placement, offer letter or otherwise, in one or more modes or combination thereof at such time in one or more tranches and at such price or in such manner and on such terms and conditions as the Board may in its absolute discretion hereinafter decide, in consultation with the lead managers, underwriters, advisors and such other persons in any market as may be deemed fit, subject to necessary provisions & approvals.
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