Jindal Saw Ltd has informed that the Board of Directors of the Company at its meeting held on February 26, 2008, has approved, subject to approval of shareholders and such approvals as may be necessary, the allotment of following securities on preferential basis to Anbeeco Investments Ltd, Cyprus, a Company belonging to the Promoter Group pursuant to Guidelines for preferential issues contained in Chapter XIII of SEBI DIP Guidelines.
1. 26,00,000 warrants and each warrant convertible into one equity shares of Rs 10/- each at a price not less than Rs 819/- calculated with reference to the relevant date, i.e. February 26, 2008 in accordance with the Guidelines for Preferential Issues contained in Chapter XIII of SEBI DIP Guidelines, 2000. These warrants are convertible on or before March 31, 2009; and
2. 27,30,000 9.5% Unsecured Compulsorily Convertible Debentures (CCDs) of Rs 819/- each and each CCD convertible into one equity share of Rs 10/- each at a price not less than Rs 819/- calculated with reference to the relevant date, i.e. February 26, 2008 in accordance with the Guidelines for Preferential Issues contained in Chapter XIII of SEBI DIP Guidelines, 2000. These CCDs will be converted during the period from April 01, 2009 September 20, 2009.
The above proposal is being contained in the notice of Annual General Meeting to be held March 27, 2008.
1. 26,00,000 warrants and each warrant convertible into one equity shares of Rs 10/- each at a price not less than Rs 819/- calculated with reference to the relevant date, i.e. February 26, 2008 in accordance with the Guidelines for Preferential Issues contained in Chapter XIII of SEBI DIP Guidelines, 2000. These warrants are convertible on or before March 31, 2009; and
2. 27,30,000 9.5% Unsecured Compulsorily Convertible Debentures (CCDs) of Rs 819/- each and each CCD convertible into one equity share of Rs 10/- each at a price not less than Rs 819/- calculated with reference to the relevant date, i.e. February 26, 2008 in accordance with the Guidelines for Preferential Issues contained in Chapter XIII of SEBI DIP Guidelines, 2000. These CCDs will be converted during the period from April 01, 2009 September 20, 2009.
The above proposal is being contained in the notice of Annual General Meeting to be held March 27, 2008.
No comments:
Post a Comment