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Exchange Disseminated Time | Jay Shree Tea & Industries Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 09, 2010, inter alia, have accorded to the following:
1. Authority to the Board to create, offer, issue and allot in one or more tranches, in the course of domestic / international offerings to Domestic / Foreign investors / Institutional Investors / Foreign Institutional Investors, Members, Employees of the Company and/or its associates company(ies), Non-Resident Indians, Companies or Bodies Corporate whether incorporated in India or abroad, Qualified Institutional Buyers (“QIBs”) through qualified institutions placement under Chapter-VIII (Qualified Institutions Placement) of the SEBI (ICDR Regulations, 2009, Trusts, Mutual Funds, Banks, Financial Institutions, Insurance Companies, Pension Funds, Individuals or otherwise or a combination of the foregoing, whether shareholders of the Company or not, through a Public Issue, Rights Issue, preferential Issue and/or Private Placement and/or any other permitted nature of offering, with or without an over-allotment option, equity shares and/or equity shores through Global Depository Receipts ("GDRs") and/or American Depository Receipts ("ADRs”) and/or Foreign Currency Convertible Bonds (“FCCBs") and/or any securities convertible into equity shares at the option of the Company and/or holder(s) of the securities and/or any convertible / non-convertible / partially convertible securities / debt Instruments either or not linked to equity shares and/or securities with warrants including any instruments or securities representing either equity shares and/or Foreign Currency Convertible Bonds or Convertible Securities and/or eligible securities including equity shares / non-convertible debt instruments (including Non Convertible Debentures) alongwith warrants / convertible securities (including Convertible Debentures) other than warrants or a combination of the foregoing (“Securities’), secured or unsecured, listed on any stock exchange inside India or any international stock exchange outside India 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, for an amount upto 100 crores inclusive at such premium as may be decided by the Board, subject to necessary provisions & approvals.
2. Authority the Board to permit foreign institutional investors (the FII) registered with the SEBI to acquire and hold on their account and on behalf of each of their sub accounts registered with SEBI in the paid up Share Capital of the Company, by direct investment, purchase, or through private placement / acquisition from the market under the portfolio investment scheme, on repatriation basis or otherwise, subject to the condition that such investments together with their existing holdings, it any, shall not exceed, in the aggregate 49% of the paid up share capital of the Company, subject to necessary provisions & approvals. |
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