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| Exchange Disseminated Time | Viceroy Hotels Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on February 03, 2010, inter alia, to transact the following business:
1. To create, offer, issue and allot, in one or more tranch(es), to Qualified Institutional Buyers, (as defined in the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as may be amended from time to time, ("SEBI Regulations"), equity shares of face value Rs. 10/- each, as the Board at its sole discretion or in consultation with underwriters, merchant bankers, financial advisors or legal advisors may at any time decide through qualified institutions placement in accordance with the provisions of Chapter VIII of the SEBI Regulations, ("Qualified
Institutions Placement"), and at such time or times and in one or more tranch(es), whether rupee denominated or denominated in foreign currency, not exceeding 1,00,00,000 equity shares of Rs. 10/- each, at a premium, so as to raise an amount up to US$ 15,000,000 or equivalent to INR 70,00,00,000, on such terms and conditions and timing of the issue(s)/ offering(s) including the investors to whom the equity shares are to be issued, issue price, number of equity shares to be issued, fixing of record date or book closure dates, and any other matter in connection with, or incidental to, the issue, in consultation with the merchant bankers or other advisors or otherwise, as the Board at its sole discretion may together with any amendments or modifications thereto (the "Issue").
2. Authority to Board to permit any Foreign Institutional Investors ("FII") registered with the SEBI to acquire and hold on their own account and on behalf of each of their SEW approved sub- accounts, shares of the Company upto the maximum permissible prescribed limit, provided, however, that the equity shareholding of each FII on his own account and on behalf of each of the SEBI approved sub-account in the Company shall not exceed 10% (Ten per cent) of the total paid-up equity share capital of the Company or such limits as are or may be prescribed, from time to time, under applicable laws, rules and regulations, ("Individual FIT Holding Limit") and that the Company may offer, issue and allot equity shares and/or other securities convertible, exchangeable or exercisable for equity shares of the Company to FIIs subject to the Individual FII Holding Limit and applicable statutory and/or regulatory provisions. |
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