| 20-Jan-12 |
| Board approved the following:
1. Raising of funds through Issue of Foreign Currency Convertible Bonds (FCCBs) for an aggregate sum not exceeding US $ 225 million, subject to the approval of the shareholders and such other regulatory approvals as may be required.
2. To Convene an Extra-ordinary General Meeting of the shareholders of the Company on January 20, 2012, to seek their approval for the aforesaid issue of FCCBs.
The net proceeds of the issue are intended primarily to retire high cost debt and for other expenditures as permitted under the prevailing guidelines in this regard.
United Spirits Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 20, 2012 inter alia, have accorded to the following:
- To create, offer, issue, and allot in one or more tranches in the course of international offerings, with or without greenshoe option, through a Public Issue, and/or any other permitted nature of offering, Foreign Currency Convertible Bonds (FCCBs) convertible into equity shares at the option of the Company or the holder(s) thereof for an aggregate sum not exceeding USD 175 million (United States Dollars one hundred and seventy five million only), with a green shoe option of aggregate sum not exceeding USD 50 million (United States Dollars fifty million only), to all eligible investors through prospectus, offer document, placement document for cash at such time or times in such tranche or tranches at such price (premium/discount) as may be determined in accordance with relevant guidelines for issue of FCCBs and in such form and manner and on such terms and conditios as may be deemed appropriate by the Board at the time of such issue or allotment considering the prevailing market conditions and other relevant factors, wherever necessary in consultation with the Lead Managers, Underwriters, Advisors so as to enable the Company to seek listing of such FCCBs in one or more stock exchanges abroad.
(As Per BSE Announcement Dated on 27.12.2011)
United Spirits Ltd has informed BSE that at the Extraordinary General Meeting (EGM) of the Members of the Company held on January 20, 2012 at 2.00 p.m. at Jnana Jyothi Convention Centre, Central College Campus, Palace Road, Bangalore University, Bangalore - 560 009, the Members have unanimously approved the special resolution for issue of Foreign Currency Convertible Bonds, convertible Into equity shares, for an amount not exceeding USD 175 Million with a green shoe option of an aggregate sum not exceeding USD 50 Million.
(As Per BSE Announcement Website dated on 20.01.2012)
United Spirits Ltd has submitted to BSE a copy of the Proceedings of the Extra Ordinary General Meeting (EGM) of the Company held on January 20, 2012.
(As Per BSE Announcement Dated on 18.02.2012) |
| 21-Apr-10 |
| United Spirits Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 25, 2010, has been decided to convene an Extraordinary General Meeting (EGM) of the Equity Shareholders of the Company on April 21, 2010, to seek their approval, in terms of the provisions of Section 18(3)(b) of the Sick industrial Companies (Special Provisions) Act, 1956, to the Scheme of Arrangement between Balaji Distilleries Ltd., Chennai Breweries Pvt. Ltd. and United Spirits Ltd. and the Draft Rehabilitation Scheme of Balaji Distilleries Ltd., as circulated by the Hon'ble Board for Industrial and Financial Reconstruction vide Order dated February 19, 2010.
United Spirits Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on April 21, 2010, inter alia, to transact the following business:
- pursuant to the provisions of Section 18(3)(b) of the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) and other applicable provisions of SICA, if any, and subject to the sanction of the Honble Board for Industrial and Financial Reconstruction (the BIFR) or such other authority, as the case may be, the Scheme of Arrangement between Balaji Distilleries Ltd (BDL) and Chennai Breweries Pvt. Ltd (CBPL) and United Spirits Ltd (USL or the Company) and their respective shareholders and creditors as the case may be and the Draft Rehabilitation Scheme (DRS) of Balaji Distilleries Ltd as circulated by Honble BIFR, a copy of which laid before the meeting and duly initialed by the Chairman for the purpose of identification, be and are hereby approved, subject to such alterations, conditions and modifications, if any, as may be prescribed or directed by the Honble BIFR or such other authority while sanctioning the same, subject to necessary provisions & approvals.
(As Per BSE Announcement Website dated on 30.03.2010)
United Spirits Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 21, 2010, have approved the Scheme of Arrangement between Balaji Distilleries Ltd. and Chennai Breweries Pvt. Ltd. and United Spirits Ltd. and the Draft Rehabilitation Scheme of Balaji Distilleries Ltd., as circulated by the Hon'ble Board for Industrial and Financial Reconstruction vide Order dated February 19, 2010, by way of a Special Resolution in terms of the provisions of Section 18(3)(b) of the Sick Industrial Companies (Special Provisions) Act, 1956.
(As Per BSE Announcement Website dated on 21.04.2010)
United Spirits Ltd has submitted to BSE a copy of the proceedings of the Extra Ordinary General Meeting (EGM) of the Company held on April 21, 2010.
(As Per BSE Announcement Dated on 18.05.2010) |
| 11-Apr-08 |
| United Spirits Ltd has informed BSE that pursuant to the order made by the Hon'ble High Court of Karnataka at Bangalore, separate meeting of the Equity Shareholders, Secured Creditors & Unsecured Creditors of the Company will be held on April 11, 2008, for the purpose of considering and if thought fit, to approve, with or without modification(s), the Arrangement embodied in the Scheme of Amalgamation ("the Scheme") of Zelinka with the Company.
United Spirits Ltd has informed BSE that pursuant to the order made by the Hon'ble High Court of Karnataka at Bangalore, separate meeting of the Equity Shareholders, Secured Creditors & Unsecured Creditors of the Company will be held on April 11, 2008, for the purpose of considering and if thought fit, to approve, with or without modification(s), the arrangement embodied in the Scheme of Amalgamation ("the Scheme") of Shaw Wallace & Company Ltd and Primo Distributors Pvt Ltd with the Company.
(As per BSE Announcement Website dated on 25/03/2008)
United Spirits Ltd has informed BSE that the equity shareholders, secured creditors and the unsecured creditors of the Company at their separate Court Convened Meetings held on April 11, 2008, have approved the Scheme of Amalgamation of Shaw Wallace & Company Ltd and Primo Distributors Pvt Ltd with United Spirits Ltd ("the Scheme"), with requisite majority.
United Spirits Ltd has informed BSE that the equity shareholders, secured creditors and the unsecured creditors of the Company at their separate Court Convened Meetings held on April 11, 2008, have approved the Scheme of Amalgamation of Zelinka Ltd with United Spirits Ltd ("the Scheme"), with requisite majority.
(As per BSE Announcement Website dated on 15/04/2008) |
| 13-Jul-06 |
| Mcdowell & Company Ltd has informed BSE that pursuant to the order made by the Hon'ble High Court of Karnataka at Bangalore, the separate meetings of the equity shareholders, secured creditors and unsecured creditors of the Company will be held on July 13, 2006, for the purpose of considering and if thought fit, approving, with or without modification(s), the arrangement embodied in the Scheme of Amalgamation of Asian Opportunities and Investments Ltd with the Company.
The BoD have passed the resolution to withdraw the Scheme of Amalgamation of Asian Opportunities and Investments Ltd, a wholly owned subsidiary of the
Company, based in Mauritius, with the Company.
Consequent to the above, the meetings of the shareholders / secured creditors / unsecured creditors of the Company to be convened on July 13, 2006 as per the directions of the Hon'ble High Court of Karnataka stands cancelled / recalled and the Company has obtained necessary orders from the Hon'ble High Court of Karnataka to this effect.
The company has informed that the Board of Directors of the Company at its meeting held on September 22, 2005 had approved the following schemes:
1. Scheme of Amalgamation of Asian Opportunities and Investments Ltd, a wholly owned subsidiary of the Company, with the Company; and
2. Scheme of Amalgamation of Zelinka Ltd, a wholly owned subsidiary of the Company, with the Company.
Due to business needs, the Board of Directors have decided to withdraw the above schemes and would not proceed with the merger. Necessary steps are being taken with the Hon'ble High Court of Karnataka to call Off the meeting of the shareholders / creditors of the company scheduled on July 13, 2006 to consider and approve the Scheme of Amalgamation of Asian Opportunities and Investments Ltd with the Company.
The Scheme of Amalgamation of Zelinka Ltd with the Company has not been filed with the Honble High Court of Karnataka.
(As Per BSE Bulletin Dated on 11/07/2006)
Mcdowell & Company Ltd has informed BSE that the meetings of the shareholders / secured creditors / unsecured creditors of the Company to be convened on July 13, 2006 as per the directions of the Hon'ble High Court of Karnataka stands cancelled /
recalled and the Company has obtained necessary orders from the Hon'ble High Court of Karnataka to this effect.
(As per BSE Bulletin dated on 12/07/2006) |
| 06-Feb-06 |
| The Company has informed that pursuant to the order of Hon'ble High Court of Karnataka at Bangalore the separate meetings of the equity shareholders, secured creditors and unsecured creditors of the Company will be held on
February 06, 2006, for the purpose of considering, and if thought fit, approving with or without modification(s), the arrangement embodied in the Composite Scheme of Arrangement between Phipson Distillery Ltd and United Spirits Ltd
and Herbertsons Ltd and Triumphs Distilleries & Vintners Pvt Ltd and Baramati Grape Industries Ltd and United Distillers India Ltd and McDowell International Brands Ltd and Shaw Wallace Distilleries Ltd and McDowell India Spirits Ltd and the Company.
The company has informed that the equity shareholders, secured creditors and the unsecured creditors of the Company at their separate Court Convened Meetings held on February 06, 2006, have approved the amendments and the amended Composite Scheme of Arrangement between Phipson Distillery Ltd, United Spirits Ltd, Herbertsons Ltd, Triumph Distilleries & Vintners Pvt Ltd, Baramati Grape Industries Ltd, United Distillers India Ltd, McDowell International Brands Ltd, Shaw Wallace Distilleries Ltd, McDowell India Spirits Ltd and the Company, with requisite majority.
(As per BSE Bulletin dated on 10/02/2006)
Mcdowell & Company Limited has informed the Exchange that in accordance with the
directions of the Hon'ble High court of Karnataka at Bangalore in Company Application No. 1188 of 2005, the separate meeting of equity shareholders, secured creditors and the unsecured creditors were convened and held yesterday i.e. February 6, 2006. The company has further informed that the meetings of equity shareholders, secured creditors and the unsecured creditors have approved the amendments and the amended scheme with
requisite majority.
(As per NSE Bulletin dated on 10/02/2006) |