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| Exchange Disseminated Time | Prime Urban Development India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 29, 2013, inter alia, has approved and taken on record the following:
- In respect of issue of 39,00,000 Convertible Warrants of Rs. 5/- each (convertible into Equity Shares of face value of Rs. 2/- per Equity Share at a premium of Rs. 3/- per Equity Share) on Preferential basis to Promoters / Promoters Group of the Company in compliance with Chapter VII of Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2009 & subsequent amendments thereto, the Company has received a "In-principle" approval from the stock exchange and also approval of the Shareholders by way of Special Resolution at the EGM held on October 19, 2013. |
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