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| Exchange Disseminated Time | Prestige Estates Projects Ltd has informed BSE that subsequent to the (a) approval of Board of Directors of the Company (the "Board") by way of a resolution dated October 30, 2012; and (b) approval accorded by the shareholders of the Company under Section 81(1A) and other applicable provisions of the Companies Act, 1956 on December 04, 2012, the duty authorised IPP Committee of the Board has by a resolution dated January 15, 2013, decided to issue of eithet up to 42,660,210 equity shares with a right exercisable by the Book Running Lead Managers in consultation with the Company, to allot an additional up to 4,266,020 equity shares in case of over subscription to the eligible qualified institutional buyers) by the Company in accordance with Chapter VIII-A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (the "SEBI lCDR Regulation") as amended and in accordance with a letter dated December 18, 2012, issued by the Securities and Exchange Board of India as may be amended, or up to 19,932,937 equity shares with a right exercisable by the Book Running Lead Managers in consultation with the Company to allot an additional up to 1,993,293 equity shares in case of over subscription in acoordunce with Chapter VIII-A of the SEBI ICDR Regulations, as the case may be and has approved and adopted the Red Herring Prospectus for the Issue, which will be delivered for registration to the Registrar of Companies, Karnataka, Bangalore and filed with the Securities and Exchange Board of India, BSE Ltd and the NSE Ltd.
The price band or the floor price, as the case may be, and the issue opening and closing dates for the Issue will be decided by the Company in consultation with the book running lead managers and announced at least one day prior to the issue opening date. |
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