Kalindee Rail Nirman Engineers Ltd has informed that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on March 15, 2008, inter alia, have approved the following Special Resolutions:
1. Raising of Money by way of Specified securities to Qualified Institutional Buyers (QIB) through QIP Route upto a maximum of Rs 150.00 Crores.
2. Raising of Money by way of issue of 18,00,000 (Eighteen Lakh) convertible equity warrants to Promoters at a price not less than Rs 402/- per warrant.
3. Raising of investment limit by Foreign Institutional Investors required under the provisions of the Foreign Exchange Management (Transfer or issue of Security by a Person Resident Outside India) Regulations, 2000 upto 74% of the paid up equity share capital of the Company.
1. Raising of Money by way of Specified securities to Qualified Institutional Buyers (QIB) through QIP Route upto a maximum of Rs 150.00 Crores.
2. Raising of Money by way of issue of 18,00,000 (Eighteen Lakh) convertible equity warrants to Promoters at a price not less than Rs 402/- per warrant.
3. Raising of investment limit by Foreign Institutional Investors required under the provisions of the Foreign Exchange Management (Transfer or issue of Security by a Person Resident Outside India) Regulations, 2000 upto 74% of the paid up equity share capital of the Company.
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