Everonn Education Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 27, 2014, inter alia, has approved the following:<br/><br/>1. Preferential Allotment of 10,91,303 Equity Shares to The Concorde Residential Schools (Kerala) Private Limited, forming part of the Promoter Group upon conversion of Loan amount Rs. 4.33 Crores.<br/><br/>2. Preferential allotment of 1 Optionally Convertible Debenture of Value Rs. 4.33 Crores to The Concorde Residential Schools (Kerala) Private Limited, forming part of the Promoter Group upon conversion of Loan amount Rs.4.33 Crores.
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