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| Exchange Disseminated Time | Bajaj Hindusthan Ltd has informed BSE that the Issue period of the proposed rights issue of 456,714,222 Equity Shares of Bajaj Hindusthan Limited (the "Company"), pursuant to the filing of the Letter Of Offer dated September 15, 2011 with the stock exchanges closed on October 13, 2011 (the "Issue").
Based on the Final Certificates received from the Bankers to the Issue and SCSBs, the Company has received a subscription of 73.44% of the Issue size, being Rs. 12,074,858,659 in the Issue. Pursuant to the Underwriting Agreement dated September 12, 2011 entered into between the Company with SBI Capital Markets Limited, IDBI Capital Market Services Limited, PNB Investment Services Limited, IDBI Bank Limited, State Bank of India, Canara Bank, Oriental Bank of Commerce, Indian Overseas Bank and Centbank Financial Services Limited (together referred to as the "Underwriters") for underwriting the Issue, dated September 12, 2011 ("Underwriting Agreement"), the Board of Directors of the Company in its meeting held on October 19, 2011 has approved the issuance of a Devolvement Notice by the Registrar to the Underwriters, requiring the Underwriters to subscribe or procure subscription for an aggregate amount of Rs. 2,722,682,141 (Rupees Two seventy two crore twenty six lac eighty two thousand one hundred and forty one only). |
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