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| Exchange Disseminated Time | Hindustan Motors Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the Company will be held on March 07, 2012, to transact the following:
- To offer, issue and allot on preferential basis, at its sole and absolute discretion up to 1,18,00,000 Equity Shares of Rs. 5 each fully paid up at Rs. 12.25 each (including a premium of Rs. 7.25) computed in accordance with Regulation 76 of the SEBI ICDR Regulations being up to 5% of the total paid up Equity Share capital of the Company as enhanced upon such issuance and allotment and up to 1,18,00,000 Warrants (hereinafter referred to as “Warrants”) at the same price fixed for issuance of Equity Shares with each Warrant convertible at the option of the Warrant holders into one Equity Share of Rs. 5 each fully paid up at a premium of Rs. 7.25 per Equity Share, at any time within a period of 18 months from the date of allotment of Warrants. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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