Ramco Systems Ltd has informed that with reference to the Companys proposed rights Issue upto Rs 173 Crores as approved by the Board of Directors in its meeting held on July 23, 2008, the following changes to the proposed rights issue of the Company have been approved at the meeting of the Board of Directors of the Company held on September 11, 2008:
- Right Issue Basis : One rights share for every one share held (1:1)
- No. of rights shares to be offered : 15,357,986 equity shares
- Face Value per share : Rs 10/-
- Premium per share : Rs 75/-
- Total Amount to be raised by means of rights issue of equity shares : Upto Rs 130.55 Crores
- Issue of warrants : (a) The Company proposes to Issue detachable warrants for the shares allotted under the above rights Issue.
(b) The warrant issue basis, warrant conversion price and other terms and conditions in relation to the issue of warrants will be decided by the Rights issue 2008 Committee.
(c) Subject to the approval of the Stock Exchanges/other necessary approvals, the warrants are Intended to be listed in the National Stock Exchange of India Ltd (NSE), Bombay Stock Exchange Ltd (BSE) and Madras Stock Exchange Ltd (MSE)
- Right Issue Basis : One rights share for every one share held (1:1)
- No. of rights shares to be offered : 15,357,986 equity shares
- Face Value per share : Rs 10/-
- Premium per share : Rs 75/-
- Total Amount to be raised by means of rights issue of equity shares : Upto Rs 130.55 Crores
- Issue of warrants : (a) The Company proposes to Issue detachable warrants for the shares allotted under the above rights Issue.
(b) The warrant issue basis, warrant conversion price and other terms and conditions in relation to the issue of warrants will be decided by the Rights issue 2008 Committee.
(c) Subject to the approval of the Stock Exchanges/other necessary approvals, the warrants are Intended to be listed in the National Stock Exchange of India Ltd (NSE), Bombay Stock Exchange Ltd (BSE) and Madras Stock Exchange Ltd (MSE)
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