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| Exchange Disseminated Time 31/08/2016 16:39:45 | V2 Retail Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 31, 2016, from 3:30 p.m. and concluded at 4:10 p.m., take the following decisions, subject to the approval by the shareholders of the Company and any other statutory and regulatory approvals:
- To offer, issue and allot, in one or more tranches on Preferential Allotment basis, Equity Shares not exceeding 10,00,000 (Ten Lakhs Only) to the Promoter and/ or Promoter Group and 30,00,000 (Thirty Lakhs Only) to Non-Promoter and Convertible Warrants not exceeding 10,00,000 (Ten Lakhs Only) to be convertible at the option of Warrant holders, in one or more tranches to the Promoter and/ or Promoter Group.
- To introduce, offer, issue and allot options not exceeding 1244380 (Twelve Lakh Forty Four Thousand Three Hundred and Eighty only) to be convertible into equal number of Fully paid up Equity shares of the company of face value of Rs. 10 each under Employee Stock Option Scheme in one or more tranches, to the eligible employees of the Company. |
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