Marg Constructions Ltd has informed that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on March 05, 2008, inter alia, have taken the following decisions:
1. The Shareholders gave their consent to the Board to issue, offer and allot 97,00,000 (Ninety-seven Lacs) Warrants at a price of Rs 451.25 (Rupees Four Hundred Fifty-one and Twenty Five Paisa Only) per share on preferential basis for cash to the following:
(i) Name of the Person to whom Warrants are being offered: G R K Reddy
- Number of Warrants offered: 22,00,000
(ii) Name of the Person to whom Warrants are being offered: G Raghava Reddy
- Number of Warrants offered: 18,00,000
(iii) Name of the Person to whom Warrants are being offered: Marg Capital Markets Ltd
- Number of Warrants offered: 32,50,000
(iv) Name of the Person to whom Warrants are being offered: Global Infoserv Ltd
- Number of Warrants offered: 9,75,000
(v) Name of the Person to whom Warrants are being offered: G R K Reddy and Sons (HUF)
- Number of Warrants offered: 14,75,000
These warrants are convertible into equity shares at the ratio of one equity shares for each warrants over a time of 18 months in two or more trenches.
2. Consent was accorded to the Board for Raising an amount not exceeding Rs 500 Crores by way of allotment of shares to Qualified Institutional Buyers in accordance to Chapter XIIIA of SEBI (Disclosure and Investor Protection) Guidelines, 2000.
1. The Shareholders gave their consent to the Board to issue, offer and allot 97,00,000 (Ninety-seven Lacs) Warrants at a price of Rs 451.25 (Rupees Four Hundred Fifty-one and Twenty Five Paisa Only) per share on preferential basis for cash to the following:
(i) Name of the Person to whom Warrants are being offered: G R K Reddy
- Number of Warrants offered: 22,00,000
(ii) Name of the Person to whom Warrants are being offered: G Raghava Reddy
- Number of Warrants offered: 18,00,000
(iii) Name of the Person to whom Warrants are being offered: Marg Capital Markets Ltd
- Number of Warrants offered: 32,50,000
(iv) Name of the Person to whom Warrants are being offered: Global Infoserv Ltd
- Number of Warrants offered: 9,75,000
(v) Name of the Person to whom Warrants are being offered: G R K Reddy and Sons (HUF)
- Number of Warrants offered: 14,75,000
These warrants are convertible into equity shares at the ratio of one equity shares for each warrants over a time of 18 months in two or more trenches.
2. Consent was accorded to the Board for Raising an amount not exceeding Rs 500 Crores by way of allotment of shares to Qualified Institutional Buyers in accordance to Chapter XIIIA of SEBI (Disclosure and Investor Protection) Guidelines, 2000.
No comments:
Post a Comment