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Exchange Disseminated Time | Kavveri Telecom Products Ltd has informed BSE that the shareholders at the Extraordinary General Meeting (EGM) of the Company held on August 26, 2010, inter alia, have considered and unanimously approved the following and have expressly authorized the board of Directors of the Company to take all actins and do all such needs to give effect to the following:
1. Offer, issue & allot on preferential basis 40,00,000 (forty lakhs only) equity shares of the face value of Rs 10/- each for a cash at a price of Rs 113/- per share including premium of Rs 103/- per share to the Promoters of the Company.
2. Create, offer & allot on Preferential basis 10,00,000 (ten lakhs only) warrants convertible into equity shares, to Promoters; with each warrant convertible into one equity share of the Company of nominal value of Rs 10/- each at a price of Rs 113/- per share including premium of Rs 103-/ per share.
3. Create, offer & allot on Preferential basis 20,00,000 (twenty lakhs only) warrants convertible into equity shares, to strategic investors / non-promoters; with each warrant convertible into one equity share of the Company of nominal value Rs 10/- each at a price of Rs 113/- per share including premium of Rs 103/- per share. |
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