RELIANCE COMMUNICATIONS LTD. - Allotment of Warrant to Telecom Infrastructure Finance Private Limited
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| 07 Aug 2014 | |
| With reference to the earlier announcement July 24, 2014 regarding Outcome of the Extraordinary General Meeting (EGM) of the members of the Company held on July 24, 2014, Reliance Communications Ltd has now informed BSE that the Committee of Directors on August 07, 2014 have allotted 8,66,66,667 Warrants entitling for subscription of equivalent number of equity shares of Rs. 5/- each at a price of Rs. 150/- per Warrant (including a premium of Rs. 145 per equity share) as per provisions of Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2009.<br/><br/>The Company has received Rs. 650 crore from Telecom Infrastructure Finance Private Limited equivalent to 50% of the issue price of the Warrants and balance amount of Rs. 650 crore will be received upon exercising right to subscribe equity shares against said Warrants on or before March 31, 2015.<br/><br/>As the Company has allotted Warrants, there is no change in the Paid up share capital of the Company. | |
| View all announcements for RELIANCE COMMUNICATIONS LTD. | Source: BSE India |
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