| Lanco Infratech Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Members of the Company will be held on June 25, 2009, inter alia, to transact the following business:
1. To increase the Authorized Share Capital of the Company from Rs 250,00,00,000/- (Rupees Two Hundred and Fifty Crores only) divided into 25,00,00,000 (Twenty Five Crores) Equity Shares of Rs 10/- (Rupees Ten only) each to Rs 500,00,00,000/- (Rupees Five Hundred Crores only) divided into 50,00,00,000 (Fifty Crores only) Equity Shares of Rs 10/- (Rupees Ten only) each by creation of an additional 25,00,00,000 (Twenty Five Crores) Equity Shares of Rs 10/- (Rupees Ten only) each ranking pari-passu with the existing Share Capital and consequential amendments in the existing Memorandum and Articles of Association of the Company, subject to necessary provision and approvals.
2. To create, issue, offer and allot (including with provisions for reservation on firm and / or competitive basis, of such part of issue and for such categories of persons including employees of the Company as may be permitted), Equity Shares and / or Equity Shares through depository receipts including American Depository Receipts, Global Depository Receipts and / or Convertible Bonds, Convertible Debentures, fully or partly, and / or other securities convertible into Equity Shares at the option of the Company and / or the holder(s) of such securities, and / or securities linked to Equity Shares and / or securities with or without detachable / non-detachable warrants and / or warrants with a right exercisable by the warrant-holder to subscribe for Equity Shares and / or any instruments or securities representing either Equity Shares, secured premium notes, and / or any other financial instruments which would be converted into/ exchanged with Equity Shares at a later date (the 'Securities') as the Board at its sole discretion or in consultation with underwriters, merchant bankers, financial advisors or legal advisors may at any time decide, by way of one or more public, follow-on, preferential issues or private offerings in domestic and / or one or more international market(s), with or without a green shoe option, or private placement or issued / allotted through Qualified Institutions Placement in accordance with the Guidelines for 'Qualified Institutions Placement' prescribed under Chapter XIII-A of the SEBI (Disclosure and Investor Protection) Guidelines, 2000, as amended, or by any one or more or a combination of the above model / methods or otherwise and at such time or times and in one or more tranches, whether rupee denominated or denominated in foreign currency, to any eligible Qualified Institutional Buyers including Foreign Institutional Investors, resident / non-resident investors (whether institutions, incorporated bodies, mutual funds, individuals or otherwise), Venture Capital Funds (foreign or Indian), Indian and / or Multilateral Financial Institutions, Mutual Funds, Non-Resident Indians, stabilizing agents and / or any other categories of investors, whether they be holders of shares of the Company or not ('Investors') whether or not such Investors are members of the Company as may be deemed appropriate by the Board and permitted under applicable laws and regulations, resulting in the issue of an aggregate amount not exceeding Rs 2,500 Crores or equivalent thereof and on such terms and conditions and timing of the issue(s) / offering(s) including the Investors to whom the Securities are to be issued, issue price, number of Securities to be issued, creation of mortgage / charge in accordance with Section 293(1)(a) of the Companies Act, 1956 in respect of any Securities as may be required either on pari-passu basis or otherwise, the stock exchanges on which such Securities will be listed, finalization of allotment of the Securities on the basis of the subscriptions received, face value, rate of interest, redemption period, manner of redemption, amount of premium on redemption, the number of equity share to be allotted on redemption / conversion, the ratio, period of conversion, fixing of record date or book closure dates, and any other matter in connection with, or incidental to, the issue, in consultation with the merchant bankers or other advisors or otherwise, as the Board at its sole discretion may decide together with any amendments or modifications thereto, subject to necessary provision and approvals.
Lanco Infratech Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 25, 2009, inter alia, have accorded to the following:
1. Increase the Authorized Share Capital of the Company from Rs 250,00,00,000/- (Rupees Two Hundred and Fifty Crores only) divided into 25,00,00,000 (Twenty Five Crores) Equity Shares of Rs 10/- (Rupees Ten only) each to Rs 500,00,00,000/- (Rupees Five Hundred Crores only) divided into 50,00,00,000 (Fifty Crores only) Equity Shares of Rs 10/- (Rupees Ten only) each by creation of an additional 25,00,00,000 (Twenty Five Crores) Equity Shares of Rs 10/- (Rupees Ten only) each ranking pari-passu with the existing Share Capital and consequential amendments in the existing Memorandum and Articles of Association of the Company, subject to necessary provision and approvals.
2. Authority to the Board to create, issue, offer and allot (including with provisions for reservation on firm and / or competitive basis, of such part of issue and for such categories of persons including employees of the Company as may be permitted), Equity Shares and / or Equity Shares through depository receipts including American Depository Receipts, Global Depository Receipts and / or Convertible Bonds, Convertible Debentures, fully or partly, and / or other securities convertible into Equity Shares at the option of the Company and / or the holder(s) of such securities, and / or securities linked to Equity Shares and / or securities with or without detachable / non-detachable warrants and / or warrants with a right exercisable by the warrant-holder to subscribe for Equity Shares and / or any instruments or securities representing either Equity Shares, secured premium notes, and / or any other financial instruments which would be converted into/ exchanged with Equity Shares at a later date (the 'Securities') as the Board at its sole discretion or in consultation with underwriters, merchant bankers, financial advisors or legal advisors may at any time decide, by way of one or more public, follow-on, preferential issues or private offerings in domestic and / or one or more international market(s), with or without a green shoe option, or private placement or issued / allotted through Qualified Institutions Placement in accordance with the Guidelines for 'Qualified Institutions Placement' prescribed under Chapter XIII-A of the SEBI (Disclosure and Investor Protection) Guidelines, 2000, as amended, or by any one or more or a combination of the above model / methods or otherwise and at such time or times and in one or more tranches, whether rupee denominated or denominated in foreign currency, to any eligible Qualified Institutional Buyers including Foreign Institutional Investors, resident / non-resident investors (whether institutions, incorporated bodies, mutual funds, individuals or otherwise), Venture Capital Funds (foreign or Indian), Indian and / or Multilateral Financial Institutions, Mutual Funds, Non-Resident Indians, stabilizing agents and / or any other categories of investors, whether they be holders of shares of the Company or not ('Investors') whether or not such Investors are members of the Company as may be deemed appropriate by the Board and permitted under applicable laws and regulations, resulting in the issue of an aggregate amount not exceeding Rs 2,500 Crores or equivalent thereof and on such terms and conditions and timing of the issue(s) / offering(s) including the Investors to whom the Securities are to be issued, issue price, number of Securities to be issued, creation of mortgage / charge in accordance with Section 293(1)(a) of the Companies Act, 1956 in respect of any Securities as may be required either on pari-passu basis or otherwise, the stock exchanges on which such Securities will be listed, finalization of allotment of the Securities on the basis of the subscriptions received, face value, rate of interest, redemption period, manner of redemption, amount of premium on redemption, the number of equity share to be allotted on redemption / conversion, the ratio, period of conversion, fixing of record date or book closure dates, and any other matter in connection with, or incidental to, the issue, in consultation with the merchant bankers or other advisors or otherwise, as the Board at its sole discretion may decide together with any amendments or modifications thereto, subject to necessary provision and approvals.
(As Per BSE Announcement Website dated on 27.06.2009) |