Kinetic Engineering Ltd has informed that the Board of Directors of the Company at its meeting held on February 14, 2008, inter alia, has taken the following decisions:
1. Allotment of 16,44,231 nos. of Compulsorily Convertible Cumulative Preference Shares (CCCPS) of Rs 156.00 each on preferential basis to following:
i. AIG Asian Opportunity Fund II, L.P.: 1,264,793 No of CCCPS allotted
ii. American International Assurance Company (Bermuda) Ltd : 145,938 No of CCCPS allotted
iii. American International Assurance Company Ltd : 233,500 No of CCCPS allotted
2. Appointment of Mr. Santosh Senapati and Mr. Ashish Kumar as Additional Directors on the Board of the Company.
3. Appointment of Ms. Ms Ada KH Tse as alternate director to Mr. Santosh Senapati.
4. Appointment of Mr. Sridhar Narayan as alternate director to Mr. Ashish Kumar.
5. Allotment of Foreign Currency Convertible Bonds (FCCB) of USD 18.00 Millions.
1. Allotment of 16,44,231 nos. of Compulsorily Convertible Cumulative Preference Shares (CCCPS) of Rs 156.00 each on preferential basis to following:
i. AIG Asian Opportunity Fund II, L.P.: 1,264,793 No of CCCPS allotted
ii. American International Assurance Company (Bermuda) Ltd : 145,938 No of CCCPS allotted
iii. American International Assurance Company Ltd : 233,500 No of CCCPS allotted
2. Appointment of Mr. Santosh Senapati and Mr. Ashish Kumar as Additional Directors on the Board of the Company.
3. Appointment of Ms. Ms Ada KH Tse as alternate director to Mr. Santosh Senapati.
4. Appointment of Mr. Sridhar Narayan as alternate director to Mr. Ashish Kumar.
5. Allotment of Foreign Currency Convertible Bonds (FCCB) of USD 18.00 Millions.
1 comment:
From the moment the first Mercedes-Benz CLS four-door "coupe" was introduced to the public, other German luxury automakers hit the drafting board. According to the German auto experts at AutoBild, Audi is just over a year away from unleashing its own cleverly packaged sedan.
carwadontester981
Post a Comment