|
| Exchange Disseminated Time | Blue Chip (India) Ltd has informed BSE that the members at the Extraordinary General Meeting (EGM) of the Company held on October 24, 2005, inter alia, have accorded authority to the Board to offer, issue and allot the following shares and warrants for cash on a preferential basis in one or more tranches and on such terms and conditions as may deem fit and appropriate by the Board :
a) upto 2,50,00,000 fully paid-up Equity Shares of the Company of face value of Rs 2/- per Equity Share at a price of Rs 6.40 per Equity Share (inclusive of a premium of Rs 4.40 per Equity Share) as calculated in accordance with the SEBI guidelines, upto 50,00,000 fully paid-up Equity Shares each at a price of Rs 6.40 per Equity Share (inclusive of a premium of Rs 4.40 per Equity Share) to M/s Kanoi Steels Ltd, Twinkle Traders Pvt Ltd and S G Promoters Pvt Ltd respectively, being entities other than promoters, and up to 50,00,000 fully paid-up Equity Shares each at a subscription price of upto Rs 6.40 per Equity Share (inclusive of a premium of Rs 4.40 per Equity Share) to M/s Parichay Sales Pvt Ltd and Vertual Vanijya Pvt Ltd, being the Promoters of the Company.
b) upto 2,50,00,000 warrants, exercisable in one or more tranches, within a period of 9-18 months and each warrant providing the holder the option to subscribe to one fully paid-up Equity Share for every warrant (aggregating to 2,50,00,000 Equity Shares) at an exercise price of Rs 6.40 per Equity Share as calculated in accordance with the SEBI guidelines, upto 70,00,000 warrants each to be allotted to M/s Kanoi Steels Ltd, Twinkle Traders Pvt Ltd and S G Promoters Pvt Ltd respectively being entities other than promoters and 20,00,000 warrants, each to M/s. Parichay Sales Pvt Ltd and Vertual Vanijya Pvt Ltd, being Promoters of the Company and each warrant providing the holder the option to subscribe to one fully paid-up Equity Share for every warrant (aggregating to 2,50,00,000 Equity Shares) at a price of Rs 6.40 per Equity Share calculated as per the prescribed SEBI guidelines in this respect Re 0.64 (being 10% of the issue price) to be payable at the time of allotment of the warrant and Rs 5.76 would be payable at the time of exercise of the warrant, which shall be exercisable in one or more tranches between 9-18 months from the date of issue of the said warrants as per the guidelines issued by SEBI from time to time. |
|
|