OBEROI REALTY LTD. - Outcome of Board Meeting (EGM on July 17, 2015)
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| 19 Jun 2015 | |
| Oberoi Realty Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 19, 2015, inter alia, has:<BR><BR>1. approved raising funds by way of issue of up to 1,10,00,000 equity shares of Rs. 10 each of the Company (the Equity Shares) for cash to Aranda Investments (Mauritius) Pte Ltd, (the investor), (a non-promoter company and a deemed Foreign Portfolio Investor) having its office at c/o CIM Corporate Services Ltd, Les Cascades, Edith Cavell Street, Port Louis, Mauritius, holding SEBI Registration number 20120107, having PAN AAFCA0250J and a wholly owned indirect subsidiary of Temasek Holdings (Private) Limited, having its registered office at 60B, Orchard Road. #06-18 Tower 2, The Atrium@Orchard, Singapore 238891, on a preferential basis at a price of Rs. 295 per Equity Share aggregating to approximately Rs. 3,245 million, subject to requisite approvals of the shareholders of the Company (the Shareholders) and any regulatory authorities, as may be required; and<BR><BR>2. decided to convene an Extraordinary General Meeting of the Company on July 17, 2015 at Mumbai for obtaining the approval of the Shareholders for the preferential issue of Equity Shares to the Investor as stated above.<BR><BR>In terms of Regulation 71 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (as amended), the relevant date for the pricing of the Equity Shares, to be allotted under the aforesaid preferential issue shall be June 17, 2015. | |
| View all announcements for OBEROI REALTY LTD. | Source: BSE India |
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