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| Exchange Disseminated Time | Kokuyo Camlin Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 07, 2012, inter alia, has approved the issue of Equity shares of the Company to the existing equity shareholders of the Company on a rights basis (Rights issue), raising an amount upto Rs. 110.00 Crores (Rupees One Hundred Ten Crores) subject to all applicable Statutory and regulatory approvals.
Further, the Board has constituted a Committee viz "Rights Issue Committee" and have delegated all the powers to the Committee including but not limited to decide the pricing and terms of the securities, to appoint Lead Managers and other intermediaries in consultation with the Lead Manager, to approve draft and final letter of offer, to fix rights entitlement ratio, fix record date.
The Board also approved the amendment in the Articles of Association of the Company to reflect the changes in certain articles relating to the promoter's thresholds and related rights. The amendment in the Articles of Association would be subject to necessary approvals from the members. |
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