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Vaibhav Gems updates
28 Sep '07
2 min read
Vaibhav Gems Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on September 27, 2007, inter alia, have taken the following decisions :
Authority to the Board of Directors of the Company to issue and allot Equity Shares and / or other Financial Instruments (or any combination thereof) in such manner that the price of the Equity Shares to be issued or of the equity shares arising upon conversion of the Financial Instruments (such equity shares having a par value of Rs 10/- each) is as may be agreed between the Company and the person(s) to whom these Equity Shares and / or Financial Instruments are to be offered but at a premium of not less than Rs 220/- per equity share, aggregating to Rs 230/- per equity share, provided that the total number of Equity Shares to be issued or created on conversion of such Financial Instruments shall not exceed 96,00,000 and the total amount to be raised shall not exceed Rs 250,00,00,000/- (or equivalent thereof) through an offer document and / or prospectus and / or offer letter and / or offering circular, and / or listing particulars, as the Board in its sole discretion may at any time or times hereafter decide, subject to necessary provisions and approvals.
Authority to the Board of Directors of the Company to issue and allot Equity Shares and / or other Financial Instruments (or any combination thereof) in such manner that the price of the Equity Shares to be issued or of the equity shares arising upon conversion of the Financial Instruments (such equity shares having a par value of Rs 10/- each) is as may be agreed between the Company and the person(s) to whom these Equity Shares and / or Financial Instruments are to be offered but at a premium of not less than Rs 220/- per equity share, aggregating to Rs 230/- per equity share, provided that the total number of Equity Shares to be issued or created on conversion of such Financial Instruments shall not exceed 96,00,000 and the total amount to be raised shall not exceed Rs 250,00,00,000/- (or equivalent thereof) through an offer document and / or prospectus and / or offer letter and / or offering circular, and / or listing particulars, as the Board in its sole discretion may at any time or times hereafter decide, subject to necessary provisions and approvals.
Vaibhav Gems Ltd
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