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Exchange Disseminated Time | West Coast Paper Mills Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 28, 2009, inter alia, to create, offer, issue and allot 30,00,000 Equity Shares to Veer Enterprises Ltd, an entity belonging to the Promoter Group (known as S K Bangur Group), under a preferential issue through offer letter and / or circular and / or information memorandum and / or such other documents / writings, in such a manner and on such terms and conditions as may be determined by the Board in its absolute discretion, provided that the price of the Equity Shares so issued shall not be less than Rs 45/ (including a premium of Rs 43/- per Equity share of Rs 2/- each) being the price arrived at with respect to the Relevant Date i.e. January 29, 2009 as prescribed under the Guidelines for Preferential issues contained in Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000, subject to necessary provisions and approvals. |
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