SPICEJET LTD. - Outcome of Board Meeting
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| 21 Aug 2014 | |
| Spicejet Ltd has informed BSE that subject to the approval of the shareholders of the Company as per the provisions of the Companies Act, 2013 read with provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 ("SEBI ICDR Regulations") and such other approvals, consent, etc. as may be required in this regard, the Board of Directors of the Company at its meeting held on August 21, 2014, inter alia, has, decided to:<br/><br/>1. Increase the authorised share capital of the Company from existing Rs. 1,000 crore divided into 100 crore equity share of Rs. 10 each to Rs. 1,500 crore divided into 150 crore equity share of Rs. 10 each; and<br/><br/>2. Create, offer, issue and allot upto 18.91 crore Warrants convertible into equivalent number of equity shares, in various tranches, to the Promoters of the Company, on preferential basis at a price to be determined as per SEBI ICDR Regulations.<br/><br/>The Board further decided to seek approval of the shareholders in accordance with extant provisions of the Companies Act, 2013 and other applicable rules and regulations. | |
| View all announcements for SPICEJET LTD. | Source: BSE India |
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