Everonn Education Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2014, inter alia, approved the following:<br/><br/>1. Approved the offer of shares through Rights Issue.<br/><br/>2. Approved the conversion of One Optionally Convertible Debenture (OCD) of value Rs. 4,33,13,816/- each allotted to M/s. The Concorde Residential Schools (Kerala) Private Limited into 10,91,303 Equity Shares of Rs. 10/- each at Rs. 39.69/- per Share.
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