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| Exchange Disseminated Time | Country Club India Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company will be held on April 30, 2010, inter alia, to transact the following business:
1. To offer, issue, allot and deliver 3,00,00,000 (Three Crores only) warrants on preferential basis convertible into equal number of equity shares of Rs. 2/- each for every warrants issued and allotted (i.e. 3,00,00,000 equity shares of Rs. 2/- each) to M/s. Zen Garden Hotel Pvt. Ltd, a Company registered under the Companies, Act, 1956 and belonging to the Promoter Group of the Company for cash which shall upon conversion rank pari-passu with the existing equity shares of the Company, in such form and manner and upon such terms and conditions as the Board may in its absolute discretion deem fit, at a price of Rs. 25/- per warrant which is more than the price as on "Relevant Date" determined based on the provisions of Clause 76 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, subject to necessary provisions & approvals.
2. To create, offer, issue and allot equity shares and / or Securities through Qualified Institutional Placement (QIP) Issue to the various eligible categories of investors through Qualified Institutional Placements Mechanism as provided in Chapter VIII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. , Foreign Currency Convertible Bonds (FCCBs) / Global Depository Receipts (GDRs) / American Depository Receipts (ADRs) in accordance with the scheme for issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipts Mechanism), 1993 to the tune of upto USD 125 Millions (One hundred and Twenty-five Million USD only) or its Rupee equivalent under the SEBI Guidelines and for other applicable laws in one or more tranches in such form, on such terms and timing and in such manner as may be considered by the Board of Directors, subject to necessary provisions & approvals. |
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