RELIANCE CAPITAL LTD. - Updates on Proposed Preferential Allotment of Equity Shares to Sumitomo Mitsui Trust Bank, Limited (EGM on Jan 23, 2015)
Download 
|
< Back |
| 26 Dec 2014 | |
| With reference to earlier announcement dated December 26, 2014 (7:37 a.m.), Reliance Capital Ltd has now submitted to BSE a revised letter after following corrections in first para of the said announcement :<BR><BR>"face value of Rs. 10 each at a premium of Rs. 530 per share" should be read as "<b>face value of Rs. 10 each at a premium, at Rs. 530 per share</b>" <BR><BR>The Revised Announcement should be read as under :<BR><BR>"The Board of Directors of the Company at its meeting held on December 25, 2014, has approved a proposal to issue and allot 70,00,000 Equity Shares of face value of Rs.10 each at a premium, at Rs.530 per share, aggregating to Rs.371 crore to Sumitomo Mitsui Trust Bank, Limited (SMTB) (Preferential Allotment), subject to necessary permissions, sanctions, approvals and applicable SEBI Regulations and other provisions of law and which is subject to approval of the Members of the Company.<BR><BR>The Board has also proposed to conduct an Extraordinary General Meeting of the Members of the Company on January 23, 2015 to consider the Preferential Allotment of Equity Shares under Chapter VIII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (SEBI ICDR Regulations) and Section 62 and Section 42 of the Companies Act, 2013 and Rules made there under and other applicable provisions of the law.<BR><BR>The Relevant Date for the Preferential Allotment of Equity Shares in terms of Regulation 71 of the SEBI ICDR Regulations is December 23,, 2014 and accordingly, the floor price in respect of the said Preferential Allotment, based on the pricing formula as prescribed under Regulation 76 of the SEBI ICDR Regulations, has been rounded off at Rs.530 per Equity Share. | |
| View all announcements for RELIANCE CAPITAL LTD. | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback