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| Exchange Disseminated Time | Viceroy Hotels Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 03, 2010, inter alia, has unanimously approved the following resolutions:
1. Approved and authorised the Board of Director / Committee of Directors to create, offer, issue and allot shares not exceeding 1,00,00,000 (one Crore) in, one or more tranches to Qualified Institutional Buyers (as defined in the Securities and Exchange Board of India) Issue of Capital and Disclosure Requirements) Regulations 2009 at a premium in accordance with the provisions of Chapter VIII of the SEBI Regulation ("Qualified Institutional Placement") to raise an amount up to USD 15.00 Minion or equivalent to INR 70.00 crores.
2. Approved to increase the equity shareholding of each FII on his own account and on behalf of each of the SEBI approved sub-account in the Company to 10% of the total paid up equity share capital of the Company or such limits as may be prescribed from time to time under the applicable laws, rules and regulations. (Individual FII holding limit). |
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